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Homburger advises EQT on the sale of 6% of Galderma's share capital via an accelerated bookbuilding process

On September 3, 2024, Sunshine SwissCo AG (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 14,273,859 shares in Galderma Group AG (Galderma) at a price of CHF 75 per share (the Placement), raising a total of ca. CHF 1.07 bn in total.
The Sellers will remain shareholders of 61.21% 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 September 6, 2024. 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 Lorenzo Togni (Corporate / M&amp;A, Capital Markets), Estelle Piccard, Simone Schmid and Héloïse de Jamblinne (all Corporate / M&amp;A), Micha Fankhauser (Financial Market Regulation) as well as Stefan Oesterhelt (Tax).

Competition

20240706_EQT-Galderma

On August 5, 2024, L&#8217;Oréal and Galderma announced the acquisition of a 10% stake in Galderma Group AG from Sunshine SwissCo AG (a consortium led by EQT), Abu Dhabi Investment Authority (ADIA) and Auba Investment Pte. Ltd. (all acting as sellers), for a non-disclosed amount. In connection therewith, L&#8217;Oréal has agreed vis-à-vis Sunshine SwissCo AG to certain undertakings as part of a shareholders&#8217; agreement. Following the transaction, no changes to the Galderma board of directors and its governance are envisioned.
In addition, L&#8217;Oréal and Galderma have agreed to work towards a strategic scientific partnership that will leverage the undisputed expertise of both companies: Galderma&#8217;s across a broad range of dermatological solutions, and L&#8217;Oréal’s expertise in skin biology, diagnostic tools and evaluation methods.
Homburger acted as transaction counsel to EQT. The team was led by Frank Gerhard and Margrit Marti (both Corporate / M&amp;A, Capital Markets) and comprises Estelle Piccard, Simone Schmid and Héloïse de Jamblinne (all Corporate / M&amp;A), Stefan Oesterhelt (Tax), Richard Stäuber (Competition) as well as Micha Fankhauser (Financial Market Regulation).

Homburger advises EQT on its sale of 10% in Galderma to L'Oréal

Regulatory

IP / IT

On January 11, 2024, ABB announced that it has acquired the Swiss-based startup Sevensense Robotics AG (Sevensense Robotics). Founded in 2018 as a spin-off from the Swiss Federal Institute of Technology (ETH), Sevensense Robotics is a leading provider of AI-enabled 3D vision navigation technology for autonomous mobile robots (AMRs). The navigation technology developed by Sevensense Robotics enables AMRs to take intelligent decisions, differentiating between fixed and mobile objects in dynamic environments. ABB plans to continue offering this technology under the product name Sevensense across segments including material handling, cleaning and other service robotics fields. Sevensense has the potential to impact robotics far beyond AMRs, leading to greater efficiency, flexibility and accuracy throughout production and intralogistics.
The Homburger team was led by Lorenzo Togni and included Simone Schmid, Isabelle Cordey and Jana Waldvogel (all Corporate / M&amp;A) as well as Richard Stäuber and Nicolas Stocker (both Competition / Regulatory), Luca Dal Molin and Hélène Bruderer (both IP / IT) and Jonas Stähli (Tax).

Simone
Schmid

Homburger advises EQT on the sale of 6% of Galderma's share capital via an accelerated bookbuilding process

Homburger advises EQT on its sale of 10% in Galderma to L'Oréal

Homburger advised ABB on its acquisition of Sevensense Robotics AG

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Simone Schmid

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SimoneSchmid

Homburger advises EQT on the sale of 6% of Galderma's share capital via an accelerated bookbuilding process

Homburger advises EQT on its sale of 10% in Galderma to L'Oréal

Homburger advised ABB on its acquisition of Sevensense Robotics AG

Join the Team

Simone Schmid

Career

Languages

Bar Registration

Teams

Simone
Schmid