NKF advises Autoneum on rights offering to raise CHF 100 million

Niederer Kraft Frey has acted as counsel to Autoneum Holding in its rights offering launched yesterday, 14 september, 2023. The targeted net proceeds from the offering of CHF 100 million will be used to partially repay the CHF 150 million bridge loan which Autoneum entered into to provide initial financing for the acquisition of Borgers’ automotive business, completed on April 1, 2023. Artemis Beteiligungen I and PCS Holding, Autoneum’s two largest shareholders, have agreed to subscribe for new shares in the rights offering in proportion to their existing shareholdings.

Autoneum is globally leading in acoustic and thermal management for vehicles. The company develops and produces multifunctional, lightweight components and systems for interior floor and engine bay as well as the underbody. Customers include almost all automobile manufacturers in Europe, North & South America, Asia and Africa. Headquarters in Winterthur, Autoneum operates 67 production facilities and employs around 16 100 people worldwide.

The NKF team is led by capital markets partners Philippe Weber (pictured left) and Deirdre Ní Annrachái (pictured right), working with senior associate Samuel Hochstrasser (corporate/M&A) and associate Thiago Freixo Claro (capital markets).