Deals & Cases

10 of 574 results found.
03/12/2020

Homburger advised Cerberus Capital Management and Covis Pharma B.V., a global specialty pharmaceutical company, in connection with the sale of Covis Pharma to funds managed by affiliates of Apollo Global Management.

Homburger advised Cerberus Capital Management and Covis Pharma B.V., a global specialty pharmaceutical company, in connection with the sale of Covis Pharma to funds managed by affiliates of Apollo Global Management. Covis Pharma is headquartered in the Netherlands and has branch operations in Switzerland. Terms of the transaction were not disclosed. The transaction closed in March 2020.


Homburger acted as Swiss counsel to Cerberus and Covis Pharma. The team was led by partner Dieter Gericke (Corporate | M&A) and comprised partner Gregor Bühler (IP | IT) as well as associates Daniel Häusermann and Christophe Chatelanat (both Corporate | M&A), Carola Winzeler (IP | IT), Nina Rabaeus (Employment and Executive Compensation), David Borer (Banking and Finance) and Céline Martin (Tax).

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03/10/2020

On March 2, 2020, Siegfried Holding AG entered into a Swiss law governed CHF 300,000,000 revolving credit facility agreement arranged by Zürcher Kantonalbank and Credit Suisse (Switzerland) Ltd. and syndicated among fourteen banks, mostly Swiss banks.

On March 2, 2020, Siegfried Holding AG entered into a Swiss law governed CHF 300,000,000 revolving credit facility agreement arranged by Zürcher Kantonalbank and Credit Suisse (Switzerland) Ltd. and syndicated among fourteen banks, mostly Swiss banks.


The Homburger team was led by partner Jürg Frick (Banking and Finance) and included partner Stefan Oesterhelt (Tax) as well as associate David Borer (Banking and Finance) and paralegal Ganna Goncharova (Banking and Finance).

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03/06/2020

On January 24, 2020, Bobst Group SA (Bobst) launched, and on February 17, 2020 successfully completed, its issuance of CHF 200 m 0.50% bonds due 2026 (the Bonds).

On January 24, 2020, Bobst Group SA (Bobst) launched, and on February 17, 2020 successfully completed, its issuance of CHF 200 m 0.50% bonds due 2026 (the Bonds).


The Bonds have been provisionally admitted to trading, and application has been made for admission and listing of the Bonds, on the SIX Swiss Exchange.


Homburger advised Bobst with respect to all aspects of Swiss law. The Homburger team was led by partner René Bösch (Capital Markets) and included partner Dieter Grünblatt (Tax) and associate Andrea Ziswiler (Capital Markets).


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02/10/2020

On January 30, 2020, Credit Suisse AG (Credit Suisse) launched, and on February 4, 2020 successfully completed, its registered offering of USD 2 bn aggregate principal amount of floating rate senior notes due 2022 (the Notes).

On January 30, 2020, Credit Suisse AG (Credit Suisse) launched, and on February 4, 2020 successfully completed, its registered offering of USD 2 bn aggregate principal amount of floating rate senior notes due 2022 (the Notes). The Notes were issued under Credit Suisse's U.S. medium-term note program and pursuant to its shelf registration statement of file with the U.S. Securities and Exchange Commission.


The floating rate of interest applicable to the Notes, which is reset quarterly, is determined by reference to Compounded Daily SOFR, which is based on the daily Secured Overnight Financing Rate (SOFR), the proposed alternative reference rate to U.S. dollar LIBOR.


Homburger advised Credit Suisse with respect to all aspects of Swiss law. The Homburger team was led by partner René Bösch (Capital Markets) and included partners Benjamin Leisinger (Capital Markets) and Dieter Grünblatt (Tax), as well as counsel Lee Saladino (Capital Markets).



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02/06/2020

On January 29, 2020, UBS Group AG (UBS) successfully completed its issuance of EUR 1.5 bn principal amount of Fixed Rate/Fixed Rate Senior Notes (the Notes) under its Senior Debt Programme.

On January 29, 2020, UBS Group AG (UBS) successfully completed its issuance of EUR 1.5 bn principal amount of Fixed Rate/Fixed Rate Senior Notes (the Notes) under its Senior Debt Programme. The Notes are bail-inable (TLAC) bonds that are eligible to count towards UBS's Swiss gone concern requirement.


The Notes have been provisionally admitted to trading, and application has been made for admission to trading and listing of the Notes, on the SIX Swiss Exchange.


Homburger advised UBS with respect to all regulatory and transactional aspects of Swiss law. The Homburger team included partners Benedikt Maurenbrecher, Stefan Kramer (both Banking and Finance | Capital Markets) and Stefan Oesterhelt (Tax), as well as counsel Lee Saladino and associate Olivier Baum (both Banking and Finance | Capital Markets).

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02/05/2020

On January 15, 2020, Zurich Insurance Company Ltd (Zurich) and CSS Versicherung AG (CSS) announced that Zurich acquired the corporate accident & health portfolio of CSS.

On January 15, 2020, Zurich Insurance Company Ltd (Zurich) and CSS Versicherung AG (CSS) announced that Zurich acquired the corporate accident & health portfolio of CSS.


About 30,000 customers with insurance policies in the daily sickness benefits insurance, the mandatory accident insurance as well as in the supplementary accident insurance will thus transfer from CSS to Zurich. In addition, CSS' employees of the corporate clients business will also change to Zurich. The acquisition underscores Zurich's strategy of continuously expanding its position in the corporate clients business and further diversifying its business portfolio.


The transfer of the insurance portfolio is subject to merger control clearance by the Swiss Competition Commission (COMCO) and to the approval of the Swiss Financial Market Supervisory Authority FINMA (FINMA).


The Homburger team advising Zurich in this transaction was led by partner Hansjürg Appenzeller (Corporate | M&A and Insurance) and included associate Daniel Kuhn (Corporate | M&A) as well as partners Luca Dal Molin (IP | IT) and Richard Stäuber (Competition | Regulatory). Associates Fabian Meier (Banking and Finance, Insurance), Valentin Fluor (IP | IT) and Yves Bianchi (Competition | Regulatory) as well as junior associates Urs Stürmer (Corporate | M&A) and Oriana Schöni (Competition | Regulatory) also contributed to the transaction.


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01/29/2020

On January 29, 2020, Addex Therapeutics Ltd (Addex) (SIX: ADXN), a clinical-stage pharmaceutical company pioneering allosteric modulation-based drug discovery and development, announced the listing of American Depositary Shares (ADSs) representing its ordinary shares on the Nasdaq Stock Market.

On January 29, 2020, Addex Therapeutics Ltd (Addex) (SIX: ADXN), a clinical-stage pharmaceutical company pioneering allosteric modulation-based drug discovery and development, announced the listing of American Depositary Shares (ADSs) representing its ordinary shares on the Nasdaq Stock Market. The ADSs will be listed for trading on Nasdaq under the symbol "ADXN" on January 29, 2020.


Homburger advised Addex with respect to the Swiss legal aspects of the listing. The Homburger team comprised partner Frank Gerhard and associate Guy Deillon (both Corporate | M&A and Capital Markets).

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01/28/2020

On January 15, 2020, Credit Suisse Group AG (CSG) launched, and on January 24, 2020, CSG successfully completed, the issuance of USD 1 bn 5.100 per cent. Perpetual Tier 1 Contingent Write-down Capital Notes (the Notes).

On January 15, 2020, Credit Suisse Group AG (CSG) launched, and on January 24, 2020, CSG successfully completed, the issuance of USD 1 bn 5.100 per cent. Perpetual Tier 1 Contingent Write-down Capital Notes (the Notes). The Notes are "high trigger" regulatory capital instruments that are eligible to fulfill CSG's Swiss going concern requirements.


The Notes are governed by Swiss law, and have been provisionally admitted to trading, and application has been made for trading and listing of the Notes, on the SIX Swiss Exchange.


Homburger advised Credit Suisse with respect to all aspects of Swiss law. The Homburger team was led by partner René Bösch (Capital Markets) and included partners Benjamin Leisinger (Capital Markets) and Dieter Grünblatt (Tax), as well as counsel Lee Saladino (Capital Markets) and paralegal Ganna Goncharova (Capital Markets).

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01/23/2020

On January 14, 2020, Credit Suisse Group AG (Credit Suisse) successfully completed the issuance of EUR 1.25 bn 0.650% Fixed Rate Reset Senior Callable Notes due 2028 (the Notes) under its Euro Medium Term Note (EMTN) Programme.

On January 14, 2020, Credit Suisse Group AG (Credit Suisse) successfully completed the issuance of EUR 1.25 bn 0.650% Fixed Rate Reset Senior Callable Notes due 2028 (the Notes) under its Euro Medium Term Note (EMTN) Programme. The Notes are bail-inable bonds that are eligible to count towards Credit Suisse's Swiss gone concern requirement.


The Notes have been provisionally admitted to trading, and application has been made for admission and listing of the Notes, on the SIX Swiss Exchange.


Homburger advised Credit Suisse with respect to all aspects of Swiss law. The Homburger team was led by partner René Bösch (Capital Markets) and included partners Benjamin Leisinger (Capital Markets) and Dieter Grünblatt (Tax), as well as counsel Lee Saladino and associate Andrea Ziswiler (both Capital Markets).

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01/22/2020

On January 22, 2020, Amun AG (Amun), a Zug-based special purpose issuance vehicle of the fintech group Amun, successfully issued and listed a new Series of Products (Ticker: SBTC) on the SIX Swiss Exchange.

On January 22, 2020, Amun AG (Amun), a Zug-based special purpose issuance vehicle of the fintech group Amun, successfully issued and listed a new Series of Products (Ticker: SBTC) on the SIX Swiss Exchange. These Products, the "21Shares Short Bitcoin ETP" are linked to the inverse performance of Bitcoin (BTC) and allow a -1x exposure to Bitcoin (BTC)'s performance on a daily basis. The purpose of this Product is to allow investors to, on a short-term basis, benefit from a negative development in the value of Bitcoin (BTC), the largest cryptocurrency.


Homburger advised Amun with respect to all aspects of Swiss law. The Homburger team was led by partner Benjamin Leisinger (Capital Markets) and comprised associates Urs Meier (Banking and Finance, Technology and Digital Economy) and Stefan Bindschedler (Banking and Finance) as well as paralegal Ganna Goncharova (Banking and Finance).

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