Gesellschaftsrecht / M&A

Nice and Green

On December 8, 2020, Nice &amp; Green SA (N&amp;G) and Evolva Holding SA (Evolva) announced an additional investment of N&amp;G in Evolva of up to CHF 12 m. The investment is made on the basis of an equity-linked debt instrument issued by Evolva consisting of convertible notes issued in up to four tranches to be drawn over twelve months against issuance of convertible notes. The convertible notes are mandatorily convertible into equity at the discretion of N&amp;G within a period of 12 months after their issuance, with a conversion rate of 95% of the lowest volume-weighted average price during the six trading days preceding the conversion date.
Based in Nyon, Switzerland, N&amp;G is a private company which specializes in financing solutions tailored to the requirements of listed growth companies in the biotech and cleantech industries.
Homburger acts as legal advisor to N&amp;G in connection with the investment. The Homburger team is led by partner Frank Gerhard and included associate Nicola Togni (both Corporate / M&amp;A).

Homburger advises Nice & Green SA in its additional investment in an equity-linked convertible notes debt instrument issued by Evolva Holding SA

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IP / IT

Clariant

On July 1, 2020, Clariant AG (Clariant) (SIX: CLN) announced that it has completed the sale of its entire masterbatches business to PolyOne Corporation (NYSE: POL). Concurrently with the announcement of the transaction, PolyOne also announced that it has changed its name and will now be called Avient Corporation. Clariant’s masterbatches business offers color and additive concentrates and performance solutions for plastics and includes 46 manufacturing operations and technology centers in 29 countries and approx. 3,600 employees.
The enterprise value of the sale, which consists of separate transactions for Clariant’s global masterbatches business and its masterbatches business in India, amounts to approximately USD 1,560 m which is equivalent to c. 12.2 times the last twelve months reported EBITDA (ending September 2019).
Homburger acted as global lead legal advisor to Clariant in connection with the transactions and the global separation of the masterbatches business in a stand-alone organization. The Homburger team was led by partner Frank Gerhard and included partner Daniel Hasler, associates Mario Wälti, Marc Schamaun, Nicola Togni and Carlo Sulser, junior associates Luzius Kaufmann, Urs Stürmer, Severin Egloff and Tobias Scheiwiler (all Corporate / M&amp;A), partners Marcel Dietrich and Richard Stäuber, counsel Andreas Burger, associates Allegra Arnold and Jonas Krull (all Competition), partner Reto Heuberger, as well as associates Céline Martin and Marc Vogelsang (all Tax), partners Gregor Bühler and Luca Dal Molin, associates Philippe Baumann, Katrina Frame and Corina Noventa, as well as junior associate Oriana Schöni (all IP / IT).

Homburger advised Clariant AG in the completion of the approx. USD 1.6 bn sale of its masterbatches business to PolyOne Corporation

On June 26, 2020, Nice &amp; Green SA (N&amp;G) and Evolva Holding SA (Evolva) entered into an investment agreement regarding N&amp;G&#8217;s investment of up to CHF 12 m in Evolva. The investment is made on the basis of an equity-linked debt instrument issued by Evolva consisting of convertible notes issued in up to four tranches to be drawn over twelve months against issuance of convertible notes. The convertible notes are mandatorily convertible into equity at the discretion of N&amp;G within a period of 12 months after their issuance, with a conversion rate of 95% of the lowest volume-weighted average price during the six trading days preceding the conversion date.
Based in Nyon, Switzerland, N&amp;G is a private company which specializes in financing solutions tailored to the requirements of listed growth companies in the biotech and cleantech industries.
Homburger acts as legal advisor to N&amp;G in connection with the investment agreement. The Homburger team is led by partner Frank Gerhard and included associate Nicola Togni (both Corporate / M&amp;A).

Homburger advises Nice & Green SA in its investment in an equity-linked convertible notes debt instrument issued by Evolva Holding SA

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Nicola Togni

Nicola

Associate

Nicola
Togni

Homburger advises Nice & Green SA in its additional investment in an equity-linked convertible notes debt instrument issued by Evolva Holding SA

Homburger advised Clariant AG in the completion of the approx. USD 1.6 bn sale of its masterbatches business to PolyOne Corporation

Homburger advises Nice & Green SA in its investment in an equity-linked convertible notes debt instrument issued by Evolva Holding SA

Deal Mediation: Einführung in das Verfahren drittunterstützter Vertragsverhandlungen

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Nicola Togni

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NicolaTogni

Homburger advises Nice & Green SA in its additional investment in an equity-linked convertible notes debt instrument issued by Evolva Holding SA

Homburger advised Clariant AG in the completion of the approx. USD 1.6 bn sale of its masterbatches business to PolyOne Corporation

Homburger advises Nice & Green SA in its investment in an equity-linked convertible notes debt instrument issued by Evolva Holding SA

Deal Mediation: Einführung in das Verfahren drittunterstützter Vertragsverhandlungen

Join the Team

Nicola Togni

Karriere

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Zulassung

Teams

Nicola
Togni