Corporate / M&A

Competition

IP / IT

Financing and Investment Products

Clariant

On June 14, 2021, Clariant announced that it has reached an agreement for the divestment of its Pigments business to a consortium of Heubach Group and SK Capital Partners. At the time of closing of the transaction, Clariant will reinvest to become a 20% shareholder alongside Heubach Group and SK Capital Partners in the ultimate holding company (holding the combined Clariant-Heubach Pigments business) at an enterprise value of CHF 805 m to CHF 855 m on a cash and debt free basis, depending on an earn-out payment of CHF 50 m contingent on the 2021 financial performance of Clariant’s Pigments business. The combined business will be a global pigments player with approximately 3,000 employees generating more than EUR 900 m in annual sales and strong service and production capabilities across the globe.
The transaction is expected to close in the first half of 2022, subject to receipt of applicable regulatory approvals and the satisfaction of other closing conditions. Once completed, Clariant will have finalized its intended divestments as part of its portfolio upgrade, having previously divested its Healthcare Packaging and Masterbatches businesses. The Pigments divestment concludes Clariant’s transformation into a high value specialty chemical company with above-market growth, higher profitability, and stronger cash generation.
Homburger acts as global lead counsel to Clariant. The Homburger team is led by partners Frank Gerhard and Daniel Hasler and comprises lead associate Stefan Blunschi, associates Carlo Sulser, Marc Schamaun, Nicola Togni, junior associates Lars Göldi, Rafael Winter, Severin Egloff, Luzius Kaufmann and Urs Stürmer (all Corporate / M&amp;A), partners Marcel Dietrich, Richard Stäuber, counsel Andreas Burger, associates Allegra Arnold, Jonas Krull and Katharina Bratvogel (all Competition), partner Reto Heuberger, associates Marc Vogelsang and Arbnor Sheholli (all Tax), partner Gregor Bühler and associates Philippe Baumann and Daniel Lütolf (all IP / IT) as well as partner Jürg Frick (Financing and Investment Products).

Homburger advises Clariant on the divestment of its Pigments business to a consortium of Heubach Group and SK Capital Partners

On March 30, 2021, Qell Acquisition Corp. (Nasdaq: QELL), a publicly listed special purpose acquisition company, announced that it has entered into a definitive business combination agreement with Lilium GmbH, the global leader in regional electric air mobility. The transaction values the combined company at an implied $ 3.3 bn pro forma equity value.
The transaction is expected to close in the second quarter of 2021, subject to the approval by Qell Acquisition Corp.&#8217;s shareholders and the satisfaction or waiver of customary closing conditions. Upon closing of the transaction, the company will be called Lilium, and it is anticipated that ordinary shares will be listed on the Nasdaq under the ticker symbol LILM.
Homburger acted as Swiss counsel to Qell Acquisition Corp. in connection with the transaction. The Homburger team was led by senior partner Daniel Daeniker and included associates Carlo Sulser and Stefan Luginbühl as well as junior associate Tanja Niederer (all Corporate / M&amp;A).

Homburger advised Qell Acquisition Corp. in its definitive business combination agreement with Lilium GmbH

Ananda Lee

Benjamin Camavdic

Employment and Executive Compensation

On January 4, 2021, CeramTec GmbH (CeramTec), a leading international manufacturer of technical ceramics, announced its acquisition of all shares in Dentalpoint AG, a Swiss specialist for ceramic dental implants.
Homburger advised CeramTec on the transaction. The Homburger team was led by senior partner Daniel Daeniker and included lead associate Carlo Sulser (both Corporate / M&amp;A), partners Andri Hess (IP / IT) and Richard Stäuber (Competition), associates Laetitia Fracheboud (Tax), Valentin Fluor, Philippe Baumann (both IP / IT), and Nicole Hilpert (Employment and Executive Compensation), and junior associates Vincent Croisier, Ananda Lee, and Benjamin Camavdic (all Corporate / M&amp;A).

Carlo
Sulser

Homburger advises Clariant on the divestment of its Pigments business to a consortium of Heubach Group and SK Capital Partners

Homburger advised Qell Acquisition Corp. in its definitive business combination agreement with Lilium GmbH

Homburger advised CeramTec on the acquisition of Dentalpoint

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Carlo Sulser

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CarloSulser

Homburger advises Clariant on the divestment of its Pigments business to a consortium of Heubach Group and SK Capital Partners

Homburger advised Qell Acquisition Corp. in its definitive business combination agreement with Lilium GmbH

Homburger advised CeramTec on the acquisition of Dentalpoint

Join the Team

Carlo Sulser

Career

Languages

Bar Registration

Teams

Carlo
Sulser