Homburger advises MCH Group on its rights offering
MCH Group, a renowed international live marketing company, has announced the result of its rights offering. The company will realise gross proceeds totalling CHF 76.9 million.
MCH Group continues to have a stable, long-term anchor shareholder base after the completion of this rights issue: Lupa Systems will hold 38.52 % of the share capital in future, and the Canton of Basel-Stadt 37.52 %. Furthermore, the Canton and the City of Zurich will hold 1.50 %. The Group has exercised the subscription rights for its own shares and is acquiring 125,000 new registered shares in the rights offering. The other shareholders will hold around 21.74 % of the share capital.
The Board of Directors and the management of the Group are delighted with the success of the rights offering and its proceeds, which will be used to repay the CHF 100 million bond due in May 2023.
Homburger is advising the MCH on this transaction. The team is led by partners Daniel Daeniker (pictured left) and Daniel Häusermann (pictured right), both corporate/m&a, and includes partner Stefan Oesterhelt (tax), lead associate Stefan Blunschi, associates Anna Peter and Jasmin Künzle (all corporate / m&a, capital markets), associate Raphaël Fellay (tax) and junior associates Thomas Leu and Michele Fazari (both corporate/m&a, capital markets).