Homburger advised DKSH in Sale of its 25% Stake in Bovet

DKSH Holding will sell its 25% stake in Swiss luxury watchmaker Bovet to Pascal Raffy which makes him the watchmaker’s sole owner due that he owns already the 75% of Bovet Fleurier.

Raffy, a former pharmaceutical executive who had played a key role in transforming Synthélabo into the third-largest pharmaceutical group in France, was also an avid watch collector before buying the company.

He acquired the Bovet brand — which was founded by Edouard Bovet in England in1822 — after returning from early retirement, buying his majority stake for around $5 million in 2001 with the aim of returning it to its 19th century glory days and keeping it ultra-exclusive.

Homburger has advised DKSH in this transaction. The team was led by Frank Gerhard (partner, pictured) and comprised Timo Hasler, Isabelle Cordey and Urs Stürmer (all corporate / m&a).