Credit Suisse (Switzerland) Ltd. finances Tecan Group’s acquisition of Paramit Corporation

Niederer Kraft Frey advised Credit Suisse (Switzerland) Ltd. acting as sole lender in the financing of SIX Swiss Exchange listed Tecan Group’s acquisition of Paramit Corporation. Tecan Group has entered into a definitive agreement to acquire
US-based Paramit Corporation and its affiliates for a total purchase consideration of USD 1.0 billion on 23 June 2021.

Tecan Group is a leading global provider of laboratory instruments and solutions in biopharmaceuticals, forensics and clinical diagnostics, specializing in the development, production and distribution of automation solutions for laboratories in the life sciences sector. The acquisition of Paramit Corporation as a leading OEM developer and manufacturer of medical devices and life sciences instruments will further extend Tecan Group’s position in solutions for life sciences and in-vitro diagnostics and add new business vertical in the attractive and fast-growing market for medical devices.

The NKF team was led by M&A/Finance partners Till Spillmann and Adrian Koller, working with junior associates Reto Seiler, Max Hoffet and Dominique Sunitsch
(all M&A/Finance) as well as partner Markus Kronauer (Tax).