SoftwareOne Holding AG secures CHF 700m acquisition financing

Niederer Kraft Frey acting as lead counsel advised UniCredit Bank GmbH as sole underwriter, arranger, bookrunner, settlement guarantee issuing bank and agent and the other members of the banking syndicate on the CHF 700 million financing for SoftwareOne Holding AG’s voluntary (stock and cash) public offer made to all shareholders of Crayon Group Holding ASA.

SoftwareOne Holding AG (listed on the SIX Swiss Exchange) is a leading global software and cloud solutions provider. Crayon Group Holding ASA (listed on the Oslo Børs) is specialised in software procurements, IT cost management, cloud services, and data and AI solutions. The intended acquisition is expected to lead to significant synergies between both groups.

The NKF team was led by M&A/Finance partners Adrian Koller and Philip Spoerlé, working with associate Alexander Züger, junior associate Manuel Constam (both M&A/Finance) and partner Markus Kronauer (Tax). Wiersholm acted as Norwegian law counsel to UniCredit Bank GmbH with regards to this transaction, with a team including partners Atle Gabrielsen, Anne Lise Ellingsen Gryte and Audun Dahle-Nedrelid, and senior associate Johanna Bergum Mortensen.