Bär & Karrer Advised Tecan on Placement of 650,000 new registered shares
Tecan Group (SIX Swiss Exchange: TECN), a global provider of automated laboratory instruments and solutions, has placed 650,000 new registered shares with a par value of CHF 0.10 each in a private placement by way of an accelerated bookbuilding and completed a capital increase of approx. CHF 360 million to partially refinance the acquisition of Paramit Corporation. The offer price was set at CHF 550 per share.
Credit Suisse and Joh. Berenberg, Gossler & Co. KG acted as managers in this transaction.
Bär & Karrer acted as legal advisor to Tecan. The team included Ralph Malacrida (pictured), Lukas Roesler, Clarissa Marxer, Nico Hunziker (all capital markets and corporate), Susanne Schreiber and Elena Kumashova (both tax) as well as Thomas Stoltz and Ignaz Müller (both notarial services).
The New Shares are expected to be listed and admitted to trading on SIX Swiss Exchange on 7 September 2021. Payment and settlement is expected to take place on 7 September 2021. The New Shares will rank pari passu with the existing shares.
