Walder Wyss acted as legal counsel to Montana Aerospace, in its initial public offering (IPO) at the SIX Swiss Exchange. This IPO has been one of the first to take place under the new Swiss prospectus regime.
Montana Aerospace raised around CHF 440 million by issuing 17,153,997 new shares at CHF 25.65 per share, reaching a market capitalization of CHF 1.2 billion. In addition, Montana Tech Components, the former sole owner and now majority shareholder, has granted an over-allotment option to the underwriters of up to 2,573,099 existing shares, exercisable within 30 days following the first day of trading. The first trading day was on 12 May 2021.
Walder Wyss advised the company with a team including Daniel Dedeyan (pictured – Counsel, Capital Markets team leader) and Nico Bernhard (Senior Associate, Corporate/M&A) and was supported by Dominik Aerni and Michael Kissling (both Associates, Corporate/M&A), Maurus Winzap (Partner, Tax) and Blerina Ahmeti (Trainee, Finance).
NKF advised Berenberg as sole global coordinator with Commerzbank and ZKB as further joint bookrunners. The firm acted with a team led by partner Till Spillmann (Corporate/Capital Markets) alongside senior associates Andrea Giger and Deirdre Ní Annracháin, associate Corinne Russi (all Corporate/Capital Markets), partner Sandro Abegglen, senior associate Martin Schaub and associate Stefan Härtner (all Regulatory) as well as partner Markus Kronauer and senior associate Vanessa Witschi (both Tax).
Linklaters, led by Frankfurt based partner Marco Carbonare, advised the joint bookrunners on the U.S. law matters of the transaction.
In Germany, Montana Aerospace was advised by Dla Piper.