Ananda Lee

Benjamin Camavdic

Corporate / M&A

IP / IT

Competition

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).

Homburger advised CeramTec on the acquisition of Dentalpoint

Capital Markets

Dufry_bw

On October 5, 2020, Dufry AG announced that Dufry (SIX: DUFN) and Alibaba Group (NYSE: BABA; HKEX: 9988) have agreed to enter into a collaboration to jointly explore and invest in opportunities in China to develop the travel retail business and to enhance Dufry’s digital transformation, and to form a JV.
Dufry further announced that it will propose to its extraordinary general meeting on October 6, 2020 an ordinary capital increase of 25 m new shares, which would result in gross proceeds of approximately CHF 700 m from the previously announced rights offering. The envisaged proceeds are planned to be used to finance the previously announced acquisition of all remaining equity interest in Hudson Ltd. (NYSE: HUD) and for general corporate purposes, which may include the setup and operations of the JV. 
In connection with this collaboration and the rights offering, Dufry has secured a CHF 250 m equity investment commitment from Alibaba Group to purchase offered shares not taken up by existing shareholders or purchased by Advent International, up to a maximum of 9.99% of the post-offering share capital in Dufry. Alibaba Group agreed to invest at the same price per share as Advent International, which has previously committed to invest up to CHF 455 m at CHF 28.50, even if the offer price determined in the bookbuilding procedure should be lower.
Homburger acts as counsel to Dufry. The Homburger team was led by partners Frank Gerhard and Andreas Müller and comprised associates Marc Hanslin and Carlo Sulser and junior associates Philipp Stiegeler and Daniel Madani (all Capital Markets; Corporate / M&#038;A) as well as partners Richard Stäuber (Competition / Regulatory) and Dieter Grünblatt (Tax).

Homburger advised Dufry on the strategic joint venture with Alibaba Group and its CHF 250 m equity investment commitment in the context of the planned CHF 700 m rights offering

Dufry

On September 10, 2020, Dufry AG announced that it will convene an extraordinary general meeting to approve an ordinary capital increase for a rights offering targeting gross proceeds of approximately CHF 500 m. The envisaged proceeds are planned to be used to finance the previously announced acquisition of all remaining equity interest in Hudson Ltd. and for general corporate purposes.
In this context, Dufry has secured a CHF 415 m equity investment commitment from funds managed by Advent International Corporation and its affiliates to purchase offered shares not taken up by existing shareholders at a fixed subscription price of CHF 28.50 per share, even if the offer price determined in the bookbuilding procedure is below CHF 28.50. If the offer price so determined is above CHF 28.50, Advent International&#8217;s commitment is no longer valid and it has no obligation to purchase offered shares.
Homburger acts as counsel to Dufry. The Homburger team was led by partners Frank Gerhard and Andreas Müller and comprised associates Marc Hanslin and Carlo Sulser and junior associate Daniel Madani (all Capital Markets; Corporate / M&amp;A) as well as partner Richard Stäuber (Competition).

Homburger advised Dufry on the CHF 415 m equity investment commitment from Advent International in the context of the planned rights offering

Carlo
Sulser

Homburger advised CeramTec on the acquisition of Dentalpoint

Homburger advised Dufry on the strategic joint venture with Alibaba Group and its CHF 250 m equity investment commitment in the context of the planned CHF 700 m rights offering

Homburger advised Dufry on the CHF 415 m equity investment commitment from Advent International in the context of the planned rights offering

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Carlo Sulser

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CarloSulser

Homburger advised CeramTec on the acquisition of Dentalpoint

Homburger advised Dufry on the strategic joint venture with Alibaba Group and its CHF 250 m equity investment commitment in the context of the planned CHF 700 m rights offering

Homburger advised Dufry on the CHF 415 m equity investment commitment from Advent International in the context of the planned rights offering

Join the Team

Carlo Sulser

Career

Languages

Bar Registration

Teams

Carlo
Sulser