On March 14, 2019, EXACOMPTA SAS, France, (Exacompta) and Biella-Neher Holding Ltd., Switzerland, (Biella) have entered into a transaction agreement pursuant to which Exacompta will launch an all cash tender offer for all publicly held registered shares of Biella to acquire Biella for approx. CHF 38.2 m. The offer is subject to customary conditions. Concurrently, the Biella's anchor shareholders have signed a sale agreement with Exacompta as to the sale of approx. 53% of the Biella shares.
The Board of Directors of Biella has unanimously resolved to support the tender offer by Exacompta and to recommend the acceptance of Exacompta's tender offer to Biella's shareholders.
Homburger is acting as counsel to Exacompta in all legal aspects of this transaction. The Homburger team is led by partner Frank Gerhard (Corporate | M&A) and includes partner Reto Heuberger (Tax), lead associate Guy Deillon, associate Olivier Bühlmann (both Corporate | M&A), associate Richard Stäuber (Competition | Regulatory), associate Marc Vogelsang (Tax) as well as junior associate Frédéric Fitzi (Corporate | M&A).