Corporate / M&A

Capital Markets

Employment and Executive Compensation

On May 6, 2022, Global Blue Group Holding AG (NYSE: GB and GB.WS) announced that CK Opportunities Fund I, LP, an investment fund co-managed by Certares Opportunities LLC and Knighthead Opportunities Capital Management, LLC, has agreed to invest USD 225 m in Global Blue Group Holding AG. The investment in the leading global provider of tax-free shopping and payments solutions for international travelers will be used to support its future growth plans.
Of the investment, USD 180 m is in series B preferred shares and USD 45 m is in common shares. The new series B preferred shares will be issued at a price of USD 8.50 per share and will carry a 5% annual pay-in-kind dividend and are convertible into approximately 21 m common shares on a one-for-one basis. The USD 45 m investment in common shares will be issued at USD 5.24, translating into approximately 9 m common shares.
Homburger acted as Swiss counsel to Certares Opportunities LLC and Knighthead Opportunities Capital Management, LLC. The Homburger team was led by partner Dieter Gericke and included lead associate Carlo Sulser, associates Francesco Bernasconi and Isabelle Cordey, as well as junior associates Benjamin Camavdic and Thomas Leu (all Corporate / M&amp;A and Capital Markets), partners Dieter Grünblatt and Reto Heuberger, and associates Kevin Müller and Philippe Weber (all Tax), and Patrik Dudar (Employment and Executive Compensation).

Homburger advised Certares Opportunities LLC and Knighthead Opportunities Capital Management, LLC on their USD 225 m equity investment in Global Blue Group Holding AG

Competition

Regulatory

On April 29, 2022, PwC announced that it has completed the sale of its global mobility services business, Vialto Partners, to Clayton, Dubilier &amp; Rice (CD&amp;R). Vialto Partners had previously operated within the PwC network as the Global Mobility Services business unit.
The enterprise value of the sold global mobility services business amounts to USD 2.2 bn.
Homburger acted as Swiss counsel to PwC. The Homburger team was led by partner Daniel Hasler (Corporate / M&amp;A) and included partner Franz Hoffet (Competition, Regulatory), counsel Peter Müller (Tax), associates Carlo Sulser and Anna Peter  (both Corporate / M&amp;A) and Anissa Kern (Employment and Executive Compensation).

Homburger advised PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC) on the sale of its global mobility services business, Vialto Partners

Generali

On April 5, 2022, Bcomp announced that it closed its oversubscribed Series B financing round of USD 35 m. The investors included Generali, investing through a fund managed by Ocorian Fund Management with the advisory of Generali Insurance Asset Management, and other mobility, financial, and impact investment companies.
Bcomp is a Fribourg based company offering solutions for a cleaner future by applying the latest composites knowledge to natural fibres in the automotive, mobility, motorsports, marine, sports and lifestyle sectors. The new funding should help scale the business to a global commercial and production footprint, maximizing its sustainability impact.
The Homburger team included partner Andreas Müller and associates Léonard Aeschlimann and Carlo Sulser (all Corporate / M&amp;A).

Carlo
Sulser

Homburger advised Certares Opportunities LLC and Knighthead Opportunities Capital Management, LLC on their USD 225 m equity investment in Global Blue Group Holding AG

Homburger advised PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC) on the sale of its global mobility services business, Vialto Partners

Homburger advised Generali in Bcomp's series B financing round

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Carlo Sulser

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CarloSulser

Homburger advised Certares Opportunities LLC and Knighthead Opportunities Capital Management, LLC on their USD 225 m equity investment in Global Blue Group Holding AG

Homburger advised PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC) on the sale of its global mobility services business, Vialto Partners

Homburger advised Generali in Bcomp's series B financing round

Join the Team

Carlo Sulser

Career

Languages

Bar Registration

Teams

Carlo
Sulser