Lupa Systems is the likely new anchor shareholder in MCH Group: the advisors

On 10 July 2020, MCH Group announced a comprehensive set of measures, including a new anchor investor, Lupa Systems, an independent private investment company owned by James Murdoch. In order to strengthen its capital structure and shareholder base and to accelerate its ongoing transformation, MCH Group’s board of directors proposes to its shareholders a capital increase of CHF 104.5 million, Lupa Systems as a new anchor shareholder and a restructuring of the group’s debt capital.

Lupa Systems and the public sector shareholders, which are expected to each hold around one third of MCH Group’s shares, have signed a long-term relationship agreement to, among other things, secure Art Basel in Basel and are fully committed to the strategic direction announced by MCH Group last autumn. The comprehensive set of measures proposed by MCH Group will only be implemented if MCH Group’s shareholders approve all proposals at the extraordinary general meeting to be held on 3 August 2020.

The advisors

Bär & Karrer acts as legal advisor to Lupa Systems in this transaction. The team is led by partner Rolf Watter and includes partners Dieter Dubs (both Listed Companies/M&A), associates Nadina Duss (Corporate/M&A), partner Corrado Rampini and associate Killian Müller (both Real Estate), partner Lukas Roesler and junior associate Jeanine Bopp (both Financing), associate Alexander von Jeinsen (Capital Markets), partner Susanne Schreiber, associates Martin Leu and Kerim Tbaishat (all Tax), partner Ruth Bloch Riemer and associate Angelica Schwarz (both Pension), associate Lukas Bründler (Employment),associate Annina Läubli (IP) as well as partner Mani Reinert (Competition Law).

As reported by MergermarketHomburger is advising MCH Group.