Homburger advises Nice & Green in its investment agreement with Evolva

On June 26, 2020, Nice & Green – a Swiss private company which specializes in financing solutions tailored to the requirements of listed growth companies in the biotech and cleantech industries –  and Evolva Holding  entered into an investment agreement regarding N&G’s investment of up to CHF 12 m in Evolva. The investment is made on the basis of an equity-linked debt instrument issued by Evolva consisting of convertible notes issued in up to four tranches to be drawn over twelve months against issuance of convertible notes. The convertible notes are mandatorily convertible into equity at the discretion of N&G within a period of 12 months after their issuance, with a conversion rate of 95% of the lowest volume-weighted average price during the six trading days preceding the conversion date.

The team

Homburger acts as legal advisor to N&G in connection with the investment agreement. The team is led by partner Frank Gerhard (pictured) and included associate Nicola Togni (both corporate/m&a).