The advisors on OC Oerlikon’s Barmag divestment to Rieter
Homburger and Lenz & Staehelin are the two Swiss firms involved in OC Oerlikon’s divestment of its Barmag textile machinery business for manmade fibers to Rieter. In connection with the deal, Homburger is representing the selling part, OC Oerlikon, while Lenz & Staehelin is advising the buyer, Rieter. The operation is subject to customary closing conditions.
The context
The agreement set the business at an enterprise value of CHF 850 m with an earn-out of up to CHF 100 m
Pursuant to the transaction, Oerlikon will become a distinct pure-play surface technology company, thus serving a plethora of industry industries including automotive, aerospace, energy, luxury, medical, defense and semiconductors.
The Homburger team
Daniel Hasler (corporate / M&A, pictured above) leads the Homburger team on the matter, working alongside Anna Peter, Nicola Togni, Simone Schmid, Oliver Kneubühl, Matthias Müller, Yannick Reber, Fabio Gasser and Raphael Linder (all corporate / M&A). Dieter Grünblatt and Peter Müller (both Tax) further contributed to the effort, as well as Richard Stäuber and Nicolas Stocker (both competition), Lorenzo Togni (capital markets), and Jürg Frick (financing and investment products).
The Lenz & Staehelin team
Tino Gaberthüel (pictured left, M&A) and Simone Ehrsam (pictured right, M&A) leads the Lenz & Staehelin team on the matter. The firm’s lineup further includes Lukas Held (M&A), Arnold Romero (M&A), Andrin Scherrer (M&A), Patrick Schleiffer (capital markets), Patrick Schärli (capital markets), Martina Pavicic (capital markets), Marcel Tranchet (finance) Sven Infanger (finance), Astrid Waser (antitrust), Sandro Travaglini (antitrust), Lukas Morscher (IT, transitional services), Lukas Stephan Staub (IT, transitional services), Peter Ling (IP), Anna Züst (IP), Anja Affolter Marino (employment), Elena Nauer (employment).
