VISCHER advises Invision with CHF 145m continuation fund
As we have informed here, Invision, a renowned investment company focusing on succession solutions and growth financing for medium-sized companies in German-speaking countries, has launched and successfully closed Invision Logistics LP, a CHF 145m continuation fund for the further development of Schneider Group, an internationally oriented medium-sized forwarding company with more than 800 employees at 56 locations in Switzerland, Europe, the USA and Asia.
In 2015, Invision acquired an initial stake in Schneider Group as part of a succession solution. Since then, the freight forwarding and logistics specialist has developed highly satisfactory and grown substantially through organic means as well as an active acquisition strategy. As a result, Schneider has more than doubled in size and expanded its international network.
Invision Logistics LP was funded by Montana Capital Partners as lead investor and other existing and new institutional investors. Besides Invision, the shareholder base of Schneider’s management team was further expanded as part of the transaction.
VISCHER assisted Invision with the preparation of the tax and legal documentation regarding Schneider Group. The team was led by Gian-Andrea Caprez (partner, corporate/m&a, pictured) and included Christoph Niederer (partner, tax), Patrik Fisch (senior associate, tax), Flavio Langenegger (associate, corporate/m&a), Elina Weibel-Arazakaeva (junior associate, corporate/m&a) and Anna Salm (junior associate, corporate/m&a).
Quest Fund Placement acted as placement agent and Lincoln International as advisor for this transaction. Financial documentation was prepared by EY, as detailed in this article tax and legal documentation by Vischer. NKF and Clifford Chance were engaged to provide legal advice on the transaction and fund structuring, respectively.