Tags : Andrea Bolliger

Real Estate

Baker McKenzie: Edyn hospitality group acquires Hotel Ascot in Zurich

Edyn hospitality group has acquired Hotel Ascot in Zurich, which will reopen in summer 2023 under the name of edyn’s lifestyle brand, Locke. The purchase is edyn’s first entry into Switzerland and continues the rapid European expansion of its Locke brand, which opened in six new locations in 2021, including London, Cambridge, Dublin and Munich. […]

News

Baker McKenzie with Sauter Bachmann on sustainable succession solution  

Baker McKenzie Switzerland advised the shareholders of Sauter, Bachmann (“Sauter Bachmann”) with regard to the succession solution for shareholder Martin Sauter, who will retire on 1 January 2023.  SIC Group is taking over Martin Sauter’s share package as a shareholder and is committed to the successful continuation of Sauter Bachmann’s business activities. The SIC Group […]

Capital Markets

Occlutech completes a private placement of approx.CHF46m. The advisors   

Occlutech Holding, a specialist provider of minimally invasive structural heart disease devices, addressing congenital heart defects, stroke prevention and heart failure, has successfully completed a private placement of Swedish Depositary Receipts (SDRs) worth SEK 450 million (approximately CHF 46 million) to the Fourth Swedish National Pension Fund, Carnegie Private Banking and certain other investors. The purpose […]

IPOs

VT5 Acquisition Company raises CHF 200m in successful IPO

The first Swiss SPAC, VT5 Acquis­i­tion Com­pany, suc­cess­fully priced its ini­tial pub­lic offer­ing. The list­ing of the Class A Shares and Redeem­able War­rants on the SIX Swiss Exchange is expec­ted for 15 Decem­ber 2021. The deal was over­sub­scribed, with a total amount of cap­it­al raised of approximately CHF 200 mil­lion. VT5 plans an acquis­i­tion of one or (if at the same time) more oper­at­ing com­pan­ies or busi­nesses with­in 24 months […]

Capital Markets

Novartis to sell its Roche bearer shares to Roche for

Novartis has entered into an agreement to sell 53.3 million (approximately 33%) Roche bearer shares in a bilateral transaction to Roche for a consideration of USD 20.7 billion. Novartis had acquired the stake between 2001 and 2003 for approximately USD 5 billion. The investment delivered dividends in excess of USD 6 billion to date. Over […]

Banking & Finance

Viseca secures comprehensive refinancing of CHF 900 m. The advisors

Viseca, a provider of products and services in the area of cashless payment, from the issue of payment cards to the development of innovative finance management solutions,  has secured a com­pre­hens­ive refin­an­cing pack­age in a total amount of CHF 900 million.  The advisors Advestra acted a leg­al advisor to Viseca. The team included Alex­an­der von Jein­sen (pictured) and Fabi­an Loretan (both fin­ance), Rashid Bahar (fin­an­cial ser­vices) and Markus Müh­le­mann (tax).   Baker McKenzie assisted Zürcher Kantonalbank and Credit Suisse (Switzerland) on […]

Banking & Finance

Aryzta’s EUR 500m multicurrency revolving credit facility agreement

Aryzta, a global food business based in Switzerland and listed on the SIX, has entered into an underwritten agreement with three banks for a new €500 million revolving credit facility. The facility which is expected to be utilised by early October 2021 is underwritten by Credit Suisse (Switzerland), Coöperatieve Rabobank and UBS and will replace the current €800m revolving credit facility that matures in […]

Banking & Finance

Baker McKenzie advising on a USD 150 million art financing

Baker McKenzie has advised a large Swiss family office on a USD 150 million art financing transaction. The financing is documented under a Swiss law governed facility agreement and takes the form of a committed term loan facility which is secured by a comprehensive collateral package including a high-profile art collection located in the United Kingdom. […]