Corporate / M&A

On July 28, 2021, Axel Springer, a media and technology company active in more than 40 countries, announced that Ringier was acquiring its shares in the joint venture Ringier Axel Springer Media with subsidiaries in Estonia, Hungary, Latvia, Lithuania, Serbia and Slovakia. The successful joint venture between Axel Springer und Ringier in Poland will remain unchanged. Axel Springer aims to become a global market leader in digital content and digital classifieds and will focus on the digital business in major strategic markets, including Germany, the US and Poland. The transaction is expected to close in the second half of 2021. Completion of the transaction is subject to applicable regulatory approvals and the satisfaction of other closing conditions.
Homburger acts as Swiss counsel to Axel Springer. The Homburger team is led by partner David Oser (Corporate / M&amp;A) and comprises partner Reto Heuberger (Tax) and associates Kevin M. Hubacher, Marc Schamaun and Nicola Togni (all Corporate / M&amp;A).

Homburger advises Axel Springer on the sale of its shares in the joint venture Ringier Axel Springer Media to Ringier

Real Estate

Hilti_bw

On June 14, 2021, HRS Real Estate AG announced that it has submitted a building application in Arbon for the construction of a hotel with 63 rooms, a restaurant and SPA and meeting facilities on the former Saurer area in Arbon, in the immediate vicinity of the lake and public transportation. The Liechtenstein company «b_smart selection», based in Gamprin-Bendern, which already operates 16 hotels and motels in Liechtenstein and Switzerland with an innovative self check-in concept, will operate the new «smart hotel» in Arbon.
Homburger advised the investor Toni Hilti Familien-Treuhänderschaft (THF) and the Toni Hilti family, respectively, with regard to all legal aspects of the acquisition of the hotel complex as well as in connection with the long-term lease agreement with the future operator.
The Homburger team advising in this transaction was led by partners Daniel Hasler and Stefan Gäumann and included senior associate Marc Schamaun, all members of Homburger&#8217;s real estate practice group.

Homburger advised Toni Hilti Familien-Treuhänderschaft in its investment in hotel project in Arbon 

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).

Marc
Schamaun

Homburger advises Axel Springer on the sale of its shares in the joint venture Ringier Axel Springer Media to Ringier

Homburger advised Toni Hilti Familien-Treuhänderschaft in its investment in hotel project in Arbon

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

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Marc Schamaun

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Homburger advises Axel Springer on the sale of its shares in the joint venture Ringier Axel Springer Media to Ringier

Homburger advised Toni Hilti Familien-Treuhänderschaft in its investment in hotel project in Arbon

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

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Marc Schamaun

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Marc
Schamaun