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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).

31 August 2017: NKF Seminars: Another 10 months until the GDPR will become applicable – why companies in Switzerland need to (re)act!

Every company in Switzerland processes personal data. Also most Swiss companies bear a reference to the EU, by virtue of e.g. rendering services or offering goods to EU citizens, having a branch in the EU and processing personal data in this context. In such cases the General Data Protection Regulation (GDPR) will also apply to Swiss companies. The GDPR will be applicable as from 25 May 2018. The grace period for the implementation of the GDPR is running since 25 May 2016. This means that every Swiss company which is subject to the GDPR must be ready then. This is a matter of compliance.

In parallel the Swiss Data Protection Act (DPA) is being revised which will lead to increased duties of entities processing personal data and will implement a much stricter sanction regime for cases of violations.

The NKF Technology team is delighted to invite you to a series of events covering this topic. In Q&A sessions lasting 60 minutes, the new data protection legislation in Switzerland and GDRP will be addressed briefly and discussed. Moreover, the already published guidelines of the Artikel-29-Working Party will be summarized. In respect of EU law matters we may count on the support from guest speakers coming from EU jurisdictions.

We look forward to welcoming you to our seminars.

Please register via mail: events@nkf.swiss (for the first seminar by 30 June 2017)


Dates

31.08.2017: Evening / Apéro Seminar (German)
18:00 – 19:00 (Admission from 17:30 pm)
Niederer Kraft & Frey, Bahnhofstrasse 13, 8001 Zurich
Clara-Ann Gordon, András Gurovits (Partner, NKF, Zurich)
Christoph Zieger (Partner, Dentons, Munich)

14.09.2017: Breakfast Seminar (English)
8:00 – 9:00 (Admission from 7:45 am)
Niederer Kraft & Frey, Bahnhofstrasse 13, 8001 Zurich
Clara-Ann Gordon, András Gurovits (Partner, NKF, Zurich)
Oliver Süme (Partner, FieldFisher, Hamburg)

26.10.2017: Evening / Apéro Seminar (German)
18:00 – 19:00 (Admission from 17:30 pm)
Niederer Kraft & Frey, Bahnhofstrasse 13, 8001 Zurich
Clara-Ann Gordon, András Gurovits (Partner, NKF, Zurich)

23.11.2017: Breakfast Seminar (English)
8:00 – 9:00 (Admission from 7:45 am)
Niederer Kraft & Frey, Bahnhofstrasse 13, 8001 Zurich
Clara-Ann Gordon, András Gurovits (Partner, NKF, Zurich)
 

Some impressions of our NKF data protection client Seminar

Breakfast Event Datenschutz Mai 2017    Breakfast Event Datenschutz Mai 2017

Breakfast Event Datenschutz Mai 2017    Breakfast Event Datenschutz Mai 2017

  

 

14 July 2017: NKF Client Alert: NKF Banking, Finance & Regulatory Team – Update 5/2017: Swiss Banking Regulations become more FinTech-Friendly

On August 1, 2017 the first part of Switzerland's new FinTech rules will enter into force. The following provides an overview of the changes.

The Swiss government (the Federal Council) adopted an amendment to the Ordinance on Banks and Savings Banks ("BankO"), resulting in exemptions from banking license requirements, from which FinTech companies (and others) may benefit.

 

View our NKF Client Alert

 

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

8 June 2017: Niederer Kraft & Frey hosts SCCC Legal Chapter Forum 2017

Niederer Kraft & Frey (NKF) was the host of this year's Swiss-Chinese Chamber of Commerce (SCCC) Legal Chapter Forum which was held on 8 June 2017.

Programme/Invitation

Swiss Chinese Chamber    Swiss Chinese Chamber

Swiss Chinese Chamber    Swiss Chinese Chamber