Swiss Prime Site to complete share placement: the advisors
Real estate firm Swiss Prime Site successfully completed the placement of 2.9 m shares via an accelerated bookbuild offering.
Homburger advised Swis Prime Site throughout the operation, while NKF represented Citigroup Global Markets Limited and UBS as joint global coordinators and joint bookrunners.
The context
Headquartered in Zug, Swiss Prime Site is a real estate company offering investment solutions of various types, including funds, mandates, investment foundations, bonds and the Swiss Prime Site share.
Being listed on the SIX Swiss Exchange, the company launched an accelerated bookbuild offering, which led to the placement of 2,926,829 newly issued shares. Each share amounted CHF 102.50 , raising aggregate gross proceeds of approximately CHF 300 m.
The trading will kick-off on February 26, whith the official closing programmed for the next day.
The Homburger team
Partners Daniel Hasler (corporate / M&A, capital markets, pictured above – left) and Lorenzo Togni (capital markets, pictured above – right) led the Homburger team on the matter, working alongside associate Olivier Baum (capital markets) and junior associate Yannick Reber (corporate / M&A). Partner Stefan Oesterhelt (tax) handled all taxation aspects of the operation.
The NKF team
Capital Markets partners Philippe Weber (pictured left) and Deirdre Ni Annrachain (pictured right) led the NKF team representing Citigroup Global Markets Limited and UBS. Junior associate Philipp Theiler (capital markets) further contributed to the effort.
