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. […]
Tags : Andrea Bolliger
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Baker McKenzie has advised Société Générale and SG Issuer on the establishment of their first Swiss Structured Securities Issuance Program. The Program has been prepared in compliance with the new prospectus regime, established by the Swiss Financial Services Act (the FinSA), and approved by and registered with SIX Exchange Regulation Ltd (SIX) in its capacity […]
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. […]
The team was led by Matthias Courvoisier (Partner, Capital Markets - pictured left) and Philip Spoerlé (Senior Associate, Capital Markets and Banking & Finance - pictured right) and further comprised Charlotte Rüegg (Associate, Banking & Finance) and Andrea Bolliger (Counsel, Tax).
