Credit Suisse and UBS signed a merger agreement, with UBS emerging as the surviving entity. With the combined market capitalization is approximately USD 65 billion, the merger follows negotiations between the two Swiss banks, prompted by the Swiss Federal Department of Finance, the Swiss National Bank, and FINMA, who all requested the transaction to restore […]
Legal advisors involved in the UBS-Credit Suisse merger: For UBS: Freshfields Bruckhaus Deringer (‘Freshfields’) is advising UBS Group as global transaction counsel. UBS counsel also include Bär & Karrer and Davis Polk. For Credit Suisse: Walder Wyss acts as Lead Counsel to Credit Suisse on the merger. Counsel also include Homburger, Cleary Gottlieb Steen & Hamilton and […]
Credit Suisse has launched and successfully priced its registered offering of USD 2.5 bn aggregate principal amount of senior notes. The offering consisted of USD 1.25 bn aggregate principal amount of 4.750% senior notes due 2024 and USD 1.25 bn aggregate principal amount of 5.000% senior notes due 2027. The notes were issued under Credit Suisse U.S. medium-term note program and […]
Credit Suisse has appointed Markus Diethelm (pictured) as its new group general counsel, effective 01 July 2022. He will join the Executive Board and report directly to Credit Suisse Group CEO Thomas Gottstein. Diethelm will be succeeding Credit Suisse long time top lawyer Romeo Cerutti, who has resigned from his role after 10 years with the […]
Inyova, a European impact investing platform, managed approximately CHF 173 million in assets as of the end of February 2022. The capital raised through the crowdinvesting is expected to enable the development of new features such as digital voting at general meetings, in addition to accelerating customer growth and participation in Inyova. Wenger Vieli advised […]
Focus Financial Partners, an international partnership of independent, fiduciary wealth management firms, has expanded its global footprint to Switzerland with the acquisition of Octogone group. At the end of April, Focus announced that it has entered into a definitive agreement regarding the acquisition of the Octogone group of companies, a leading wealth and investment management […]
Niederer Kraft Frey advised the shareholders of responsAbility Investments, an impact investing company focusing on private debt and private equity across emerging markets, to complete successfully the transaction of the sale of all outstanding shares in responsAbility Investments to M&G. responsAbility has more recently focused on companies with business models tied to the UN’s Sustainable […]
Zürcher Kantonalbank has completed its issuance of EUR 500 million 2.020 per cent. Fixed-to-Floating Rate Tier 2 Bonds due 2028. The Bonds are regulatory capital instruments that are eligible to fulfill Zürcher Kantonalbank’s Swiss gone concern requirements. Governed by Swiss law the bonds have been provisionally admitted to trading, and application has been made for definitive admission […]
Pestalozzi advised the Belgium Banque Degroof Petercam in connection with the sale of its Swiss subsidiary Banque Degroof Petercam Suisse in Geneva. On January 2022, Geneva-based private bank Gonet & Cie announced that it had signed an agreement with Belgian bank Banque Degroof Petercam to sell all of the shares in Degroof Petercam Bank Switzerland. […]
Christian Scalise has been promoted to legal and santion compliance manager at VTB Capital. Scalise joined VTB Capital after his experience at Sberbank as director at CIB Legal Department and at Credit Suisse as head of legal commodity trade finance. VTB Group’s Corporate Investment Business operates in the investment banking sector across emerging markets, in […]
