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Homburger advised wefox in connection with its financing and restructuring program

On July 7, 2025, wefox Holding AG announced that it has secured funding of EUR 151 m, consisting of a EUR 76 m capital raise primarily from existing investors and a refinancing of an existing credit facility with EUR 75 m from Searchlight Capital Partners’ credit fund, Searchlight Opportunities Fund II. The funding follows a successfully completed business restructuring program in various jurisdictions and changes to the governance framework of wefox Holding AG.
The Homburger team comprised Andreas Müller, Marco Rostetter, Lucas Forrer, Oliver Kneubühl, Miriam Oelgarth, Norina Tröhler and Carolina Rodriguez (all Corporate / M&amp;A), Jürg Frick, Stefan Bindschedler and Nathalie Scherrer (all Financing and Investment Products), Stefan Oesterhelt, Juliette Buob, Laetitia Fracheboud and Philippe Gobet (all Tax), Stefan Kramer (Restructuring) and Karin Mattle, Angela Casey and Luca Ellenberger (all Employment and Executive Compensation).

Capital Markets

Financial Market Regulation

On May 27, 2025, a consortium led by EQT, consisting of Sunshine SwissCo GmbH, the Abu Dhabi Investment Authority (ADIA) and Auba Investment Pte. Ltd. (all acting as the Sellers), announced the launch of an accelerated bookbuilding process to professional investors in Switzerland and to qualified investors outside Switzerland, which led to the successful placement of 19,031,811 shares in Galderma Group AG (Galderma) at a price of CHF 97.75 per share (the Placement), raising a total of ca. CHF 1,860 m in total.
Galderma participated in the Placement by agreeing to repurchase 2,378,976 shares for a total consideration of ca. CHF 233 m, at the same price per share determined by the bookbuilding process.
The Sellers will remain shareholders of 40.2% of the share capital of Galderma. EQT’s representation on the board of directors of Galderma remains unchanged as a result of the Placement. Such Placement will broaden Galderma&#8217;s shareholder base and free float. In connection therewith, the Sellers have agreed to a 90-day lock-up period, subject to certain customary exceptions, with respect to their remaining holding in Galderma.
The Placement is expected to be settled on June 2, 2025. Following the Placement, no changes to the Galderma board of directors and its governance are envisioned.
Homburger acted as transaction counsel to EQT.
The Homburger team was led by Frank Gerhard (Corporate / M&amp;A, Capital Markets) and included Margrit Marti, Estelle Piccard, Héloïse de Jamblinne and Lucas Forrer (all Corporate / M&amp;A, Capital Markets), Micha Fankhauser (Financial Market Regulation) as well as Stefan Oesterhelt (Tax).

Homburger advises EQT on the sale of 8.0% of Galderma's share capital via an accelerated bookbuilding process

On March 10, 2025, Sunshine SwissCo GmbH (a consortium led by EQT), the Abu Dhabi Investment Authority (ADIA) and Auba Investment Pte. Ltd. (all acting as the Sellers) announced the launch of an accelerated bookbuilding process to professional investors in Switzerland and to qualified investors outside Switzerland, which led to the successful placement of 15,000,000 shares in Galderma Group AG (Galderma) at a price of CHF 89 per share (the Placement), raising a total of ca. CHF 1.335 bn in total.
The Sellers will remain shareholders of 48.18% of the share capital of Galderma. EQT’s representation on the Board of Directors of Galderma remains unchanged as a result of the Placement. Such Placement will broaden Galderma&#8217;s shareholder base and free float. In connection therewith, the Sellers have agreed to a 90-day lock-up period, subject to certain customary exceptions, with respect to their remaining holding in Galderma.
The Placement settled on March 13, 2025. Following the Placement, no changes to the Galderma board of directors and its governance are envisioned.
Homburger acted as transaction counsel to EQT.
The Homburger team was led by Frank Gerhard (Corporate / M&amp;A, Capital Markets) and included Margrit Marti, Estelle Piccard, Héloïse de Jamblinne and Lucas Forrer (all Corporate / M&amp;A, Capital Markets), Micha Fankhauser (Financial Market Regulation) as well as Stefan Oesterhelt (Tax).

Lucas
Forrer

Homburger advised wefox in connection with its financing and restructuring program

Homburger advises EQT on the sale of 8.0% of Galderma's share capital via an accelerated bookbuilding process

Homburger advises EQT on the sale of 6.3% of Galderma's share capital via an accelerated bookbuilding process

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Lucas Forrer

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LucasForrer

Homburger advised wefox in connection with its financing and restructuring program

Homburger advises EQT on the sale of 8.0% of Galderma's share capital via an accelerated bookbuilding process

Homburger advises EQT on the sale of 6.3% of Galderma's share capital via an accelerated bookbuilding process

Kommentierung zu Art. 734f OR

Wirkung des Revisionsbefundes auf die Haftung des Verwaltungsrates aus aktienrechtlicher Verantwortlichkeit

Die Fairness Opinion im Übernahmerecht

Join the Team

Lucas Forrer

Career

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Bar Registration

Teams

Lucas
Forrer