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19 July 2018: Leonteq AG announces a fully-underwritten rights offering

Niederer Kraft Frey advised Leonteq AG, a SIX Swiss Exchange listed independent expert for structured investment products and long-term savings and retirement solutions, in connection with its fully-underwritten rights offering to further strengthen its capital base that launched on 19 July 2018. The rights offering relates to 2,989,593 new registered shares with a nominal value of CHF 1.00 each to be issued from existing authorized capital. The expected net proceeds are approximately CHF 118.5 million and the first day of trading is anticipated to be 3 August 2018. The banking syndicate for the rights offering comprises Credit Suisse as global coordinator and bookrunner and Raiffeisen Switzerland as co-bookrunner. Credit Suisse has committed to firmly underwrite all new shares that will be issued in conjunction with the rights offering, subject to customary conditions.

The NKF team was led by Capital Markets partner Philippe Weber, working with partner Daniel Bono, counsel Christina Del Vecchio, associates Deirdre Ni Annrachain, Samuel Hochstrasser and Julia Tolstova and junior associate Isilay Dagdelen on Capital Markets, and partner Markus Kronauer, counsel Elga Reana Tozzi and associate Vanessa Witschi on Tax.
 

13 July 2018: Idorsia successfully completes a CHF 500m combined offering of new shares and convertible bonds

Niederer Kraft Frey advised Swiss biopharmaceutical company Idorsia Ltd on its offering of 11,912,000 new shares, corresponding to approximately 10% of its currently issued share capital, by way of an accelerated bookbuilding, and on its placement of CHF 200 million of senior unsecured convertible bonds due 2024. The net proceeds from the concurrent offerings will be used to fund the ongoing research and development of Idorsia's development pipeline and will allow Idorsia to fund the Phase 3 development of Idorsia's promising late-stage pipeline comprising aprocitentan, clazosentan, lucerastat and nemorexant, as well as its diverse early-stage and preclinical pipeline. The new shares were admitted to trading on SIX Swiss Exchange on 13 July 2018 and the bonds are expected to be settled on or around 17 July 2018.

The NKF team was led by Capital Markets partners Philipp Haas and Till Spillmann, working with senior associate Andrea Giger, Capital Markets and associate Deirdre Ní Annracháin, Capital Markets.

12 July 2018: EUR 2.1bn landmark tech-deal: sale of Sportradar AG

Niederer Kraft Frey acted as Swiss transaction counsel to Sportradar AG and the major selling share-holders in the EUR 2.1 billion sale of Sportradar AG to Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based growth equity firm TCV.

Sportradar is the nexus between sports and entertainment, serving leagues, news media, consumer platforms and sports betting operators with deep insights and a suite of strategic solutions to help grow their businesses. Sportradar is the trusted partner of more than 1'000 companies in over 80 countries and serves as the official partner of national and international sports federations.

The transaction is subject to approval from the relevant authorities and is expected to close in Q4 2018.

The NKF team was led by Corporate/M&A partner Patrik Peyer working with partner Daniela Schmucki, Tax, senior associate Moritz Maurer, Corporate/M&A, associates Victor Stancescu, Corporate/M&A, Livia Keller, Employment, junior associates Michel Herren, Fiona Hutmacher, Tobias Kaufmann and Carlo Egle, all Corporate/M&A.

Brandl & Talos acted as lead transaction counsel for Sportradar and its founder Carsten Koerl. The team was led by Thomas Talos, Corporate/M&A & Regulatory and Roman Rericha, Corporate/M&A.

Freshfields acted as counsel to EQT. The team was led by Wessel Heukamp, Corporate/M&A and Ludwig Leyendecker, Corporate/M&A. 
 

5 July 2018: Niederer Kraft Frey supports education event of 100 Women In Finance

Niederer Kraft Frey welcomed 100 Women In Finance to host an education event. Petra Gerlach, Head of Monetary Policy Analysis, spoke about "The Swiss National Bank and Hot Topics for the Banking Industry".

Thomas Frick and Valerie Meyer Bahar presented NKF as leading Swiss firm fostering gender equality and Women career prospects.
 

14 June 2018: Niederer Kraft Frey wins Transatlantic M&A Team of the Year (Large Deal) Award

The American Lawyer named Niederer Kraft Frey 'Transatlantic M&A Team of the Year (Large Deal)' at the Transatlantic Legal Awards 2018 in London, hosted with Legal Week and Corporate Counsel.

The annual award recognises international law firms, lawyers and in-house legal departments for their transatlantic deal and transactions performance, focusing on the key areas of corporate, finance and disputes.

NKF was recognised for its role as lead advisor to Actelion Ltd in the paradigm changing US$30bn acquisition by Johnson & Johnson, combined with a spin-off and listing of its R&D and early clinical operations into Idorsia Ltd. The transaction was led by NKF as part of an integrated legal team with Slaughter and May and Wachtell, Lipton, Rosen & Katz.

The judging panel consisting of senior ALM journalists and the editors-in-chief of Legal Week and The American Lawyer praised NKF 'for its innovative handling of a big pharma deal that could shape future M&A transactions in the sector.'

The award reflects NKF's position as the firm of choice for clients to solve complex business challenges.
 

 Transatlantic Award

 

 

18 June 2018: NKF in cooperation with SECA hosted "Venture Capital: Yesterday – Today – Tomorrow" panel with Dick Kramlich

On 18 June 2018, Niederer Kraft Frey in cooperation with Swiss Private Equity & Corporate Finance Association (SECA) hosted the "Venture Capital: Yesterday – Today – Tomorrow" panel with Dick Kramlich, one of the trendsetters in the Venture Capital industry.

Dick Kramlich provided insights into his own and early experience with Venture Capital and discussed, together with industry professionals, current trends and possible future developments.

The event welcomed investors, fund and asset managers, entrepreneurs and start-ups and everyone interested and engaged with the topic.

Invitation/programme

SECA     SECA

SECA     SECA