Baker McKenzie Switzerland, along with other Baker McKenzie offices, advised Feintool International Holding (“Feintool”) on its capital increase by approximately CHF 202 million via a rights offering.
UBS acted as sole global coordinator and bookrunner while Zürcher Kantonalbank acted as bookrunner.
New registered shares in Feintool were offered to the existing shareholders. The offering was supported through a backstop by Artemis Beteiligungen, the principal shareholder of Feintool.
The proceeds raised from the capital increase will be used to repay the bridge financing for the acquisition of Kienle + Spiess, to finance growth investments and for general corporate purposes. The newly issued registered shares are listed and traded on SIX Swiss Exchange.
Founded in 1959 and headquartered in Lyss, Switzerland, Feintool is an internationally active specialist in fine blanking, forming and electro lamination stamping for processing steel sheets. The group runs production plants and technology centers in Europe, the US, China and Japan. It has approximately 3,500 employees globally.
Baker McKenzie advised Feintool on all legal aspects of the capital increase. Matthias Courvoisier (partner, capital markets, pictured left) and Yves Mauchle (senior associate, capital markets, pictured right) led the Baker McKenzie team, which consisted of Zurich-based lawyers Kilian Perroulaz (partner, tax), Andrea Bolliger (counsel, tax), Jan Lusti (associate, capital markets), Tanja Schmid (associate, capital markets) and further included Yang Guangshui (partner, Beijing), Christoph Wolf (partner, Frankfurt), Ulrich Weidemann (counsel, Frankfurt), Thomas J. Rice (partner, New York) and Alexander Fields (associate, New York).
Niederer Kraft Frey advised UBS and Zürcher Kantonalbank in their role in Feintool International’s capital increase. The NKF team was co-led by partners Philip Spoerlé and Till Spillmann, working with partner Andrea Giger, associates Benedikt Hadorn and Julia Tolstova (all capital markets) as well as partner Markus Kronauer and associate Derya Özdogan (both tax).