Corporate / M&A

Capital Markets

Employment and Executive Compensation

Financing and Investment Products

Galderma-webnews

Homburger News

Share-Image Teamplate Deals-and-Cases

On March 13, 2024, Galderma Group AG (Galderma), the pure-play dermatology category leader, announced the launch of its Initial Public Offering (Offering) on the SIX Swiss Exchange. The Offering consists of up to 40,453,467 newly issued shares and up to 276,909 existing shares sold by one of its shareholders, Sunshine SwissCo AG (EQT), with an over-allotment option of up to 6,109,158 existing registered shares granted by EQT together with the Abu Dhabi Investment Authority (ADIA) and Auba Investment Pte. Ltd.
Based on the offer price range between CHF 49 and CHF 53 resulting in an offer size of approximately CHF 2.3 billion (assuming the over-allotment option is exercised in full), the implied market capitalization of Galderma is estimated between CHF 11.8 billion and CHF 12.6 billion. The listing and the first day of trading are expected to take place on March 22, 2024. Galderma will be included in the Swiss Performance Index (SPI).
Homburger acts as issuer&#8217;s, selling shareholder&#8217;s and transaction counsel to Galderma and EQT. The team is led by Frank Gerhard, Lorenzo Togni and Margrit Marti (all Capital Markets; Corporate/M&amp;A) and comprises Micha Fankhauser, Estelle Piccard, Jasmin Künzle, Héloïse de Jamblinne, Lucas Forrer and Daniel Wenzinger (all Capital Markets; Corporate/M&amp;A), Andreas Müller and Anna Peter (Employment and Executive Compensation), Jürg Frick, Stefan Bindschedler, Daniel Junginger and Sarah Fasel (all Financing and Investment Products), Stefan Oesterhelt and Laetitia Fracheboud (both Tax).

Homburger advises Galderma on its IPO on SIX Swiss Exchange

Competition

Regulatory

Ahlstrohm

On June 22, 2022, Ahlström Capital, a Finnish family-owned investment company, announced the merger of Swiss-based company Enics AG with GPV International A/S, owned by Schouw &amp; Co., to create a European electronics giant.
On completion of the transaction, the two existing companies are expected to be organized under a newly-established holding company. The indicative enterprise value of the combined company is DKK 4.2 bn.
Homburger acted as Swiss legal counsel to Ahlström Capital. The Homburger team included partner Andreas Müller, associate Léonard Aeschlimann and junior associate Lucas Forrer (all Corporate/M&amp;A), partner Balz Gross and associate Anissa Kern (both Employment and Executive Compensation), partner Richard Stäuber and associate Daniel Lütolf (both Competition and Regulatory) as well as associate Raphaël Fellay (Tax).

Lucas
Forrer

Homburger advises Galderma on its IPO on SIX Swiss Exchange

Homburger advised Ahlström Capital on the merger of Enics with GPV

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

Languages

Bar Registration

Teams

LucasForrer

Homburger advises Galderma on its IPO on SIX Swiss Exchange

Homburger advised Ahlström Capital on the merger of Enics with GPV

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

Languages

Bar Registration

Teams

Lucas
Forrer