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21 July 2017 – NKF advises Landis+Gyr Group, Toshiba Corporation and INCJ in the IPO of Landis+Gyr on SIX Swiss Exchange

On 21 July 2017, Landis+Gyr Group AG ("Landis+Gyr") announced the pricing of its initial public offering (“IPO”) on SIX Swiss Exchange at an offer price of CHF 78 per share, pricing at the top half of the offer price range. Trading of the Landis+Gyr shares on SIX Swiss Exchange commenced on the same day.

With a total offer size of CHF 2.3 billion the IPO of Landis+Gyr has been the largest IPO on SIX of the past ten years and thus far the second largest IPO in Europe of this year.

Landis+Gyr is a leading global provider of smart metering and energy management solutions, operating one of the largest installed bases in the industry with over 300 million devices. Building on over 120 years of industry experience, Landis+Gyr has been at the forefront of the evolution of the global utility industry, enabling its transition from traditional towards “smart” grids.

NKF acted as Swiss counsel to Landis+Gyr as the issuer and to Toshiba Corporation and INCJ as the selling shareholders. Morrison & Foerster LLP acted as international counsel to Landis+Gyr and the selling shareholders.

The NKF team consisted of:
• Philippe Weber (Partner, Capital Markets and Corporate)
• Thomas Brönnimann (Partner, Capital Markets and Corporate)
• Andreas Casutt (Partner, Corporate)
• Markus Kronauer (Partner, Tax)
• Christina Del Vecchio (Senior Associate)
• Roman Sturzenegger (Senior Associate)
• Deirdre Ni Annrachain (Associate)
• Samuel Hochstrasser (Associate)
• Elena Rodriguez (Associate)
• Giulia Ghezzi (Associate)
• Marco Gagliardi (Junior Associate)


Please see press coverage of this IPO here >>

21 July 2017: Niederer Kraft & Frey advises Nectar Financial in connection with its Series A financing round

Niederer Kraft & Frey (NKF) has advised the Swiss FinTech start-up Nectar Financial (Nectar), based in the canton of Schwyz, in connection with its Series A financing round, in which a renowned Swiss bank acquired a minority stake in Nectar. The transaction closed on June 29, 2017.

Nectar operates a leading platform for wealth and asset management in Switzerland. The completion of the Series A financing round will continue to support Nectar's growth strategy.

The NKF-Team was led by Catherine Grun (Partner, Private Clients) and Patrik R. Peyer (Partner, Corporate / M&A) and further consisted of Roman Sturzenegger (Senior Associate, Corporate / M&A) and Daniel Juri (Junior Associate, Corporate / M&A).

20 July 2017: Niederer Kraft & Frey advises Orange Growth Capital as lead investor in the CHF 10 million Series B financing round of Squirro (Nektoon AG)

Niederer Kraft & Frey (NKF) has advised OGC Growth Fund II Coöoperatief U.A., The Netherlands, as lead investor in the CHF 10 million Series B financing round of Nektoon AG. Nektoon AG operates the software platform "Squirro". Squirro assists companies in, amongst others, managing their customer relationships based on artificial intelligence technologies.

The NKF-Team was led by Patrik R. Peyer (partner, corporate/M&A) and further consisted of Moritz Maurer (senior associate, corporate/M&A), Rachid Ghazi (senior associate, tax), Livia Keller (associate, employment), Cynthia Oggenfuss (associate, IP) und Binderiya Gan-Ayush (junior associate, corporate/M&A).

28 September 2017: Niederer Kraft & Frey hosts NKF meets MUSIC event

On 28 September 2017, Niederer Kraft & Frey will host the NKF meets MUSIC event at barfussbar in Zurich. Guests are invited to celebrate the end of summer with us – with a delicious stand-up dinner, refreshing drinks and Rock'N'Roll rhythms by KENDY TOMS & the Red Boots, the band of Thomas Graf, partner at NKF. 

19 September 2017: NKF and Pinsent Masons host Joint Breakfast Seminar: Preventing Facilitation of Tax Evasion – The New Corporate Criminal Offence

On 19 September 2017, Niederer Kraft & Frey and Pinsent Masons will host a Joint Breakfast Seminar to discuss the UK's New Corporate Criminal Tax Offence and how banks in Switzerland could be affected.

Invitation

 

14 September 2017: NKF Client Alert: NKF Banking, Finance & Regulatory Team – Update 6/2017: Partial revision of AMLO-FINMA: Consultation process until 16 October 2017

On 4 September 2017 FINMA published and started the consultation process of the draft revised version of the AMLO-FINMA. The draft revised ordinance amends and specifies various duties of the financial intermediaries such as the duties regarding supervision of branch offices and group companies abroad and duties regarding updating and verifying client information. The consultation process will last until 16 October 2017. The revised version of the AMLO-FINMA is expected to enter into force in 2019.


View our NKF Client Alert


Contacts: François M. Bianchi, Thomas A. Frick, Sandro Abegglen, Adrian W. Kammerer, Marco Häusermann, Bertrand G. Schott