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Europe Guide

Corporate/M&A — Switzerland

Overview

SWITZERLAND: An Introduction to Corporate/M&A Contributed by Anna Peter, Homburger

Switzerland: An introduction to Corporate|M&A 2018

Switzerland is a stable and modern market economy with one of the world's lowest unemployment rates, a highly skilled labour force, and a GDP per capita that is among the highest in the world. According to the World Economic Forum’s Global Competitiveness Report 2017-2018, Switzerland ranks first place globally for the ninth consecutive year in terms of competitiveness. The high ranking is driven by Switzerland's efficient labour market, the sophistication of its businesses, its strength in innovation, and the availability and use of the latest technologies. Other key advantages of Switzerland as a business hub are its infrastructure, the availability of financial services and the quality of its education system. Switzerland’s reasonable corporate tax rates contribute to the country's status as one of the most competitive economies.

The Swiss Federal Government adopts a relaxed attitude of benevolent non-interference towards foreign investment, creating and maintaining favourable conditions for both Swiss and foreign investors. In principle, there are no restrictions for foreigners wishing to do business in Switzerland or wishing to invest in businesses in Switzerland. One exception is the Federal Act on the Acquisition of Real Estate by Foreign Nationals, the so-called Lex Koller, which restricts the acquisition of residential real estate by persons living abroad. The Lex Koller does, however, in principle not restrict the acquisition of real estate used for commercial purposes. Yet in March 2017, the Swiss Federal Government opened the legislative process on a revision of the Lex Koller, amongst others, putting this principle up for discussion. Except for the financial sector (e.g. banks, wealth management companies and insurances) and for certain professions (e.g. lawyers, auditors, professions in the healthcare sector, education sector and construction sector), there is in general no permit required for doing business in Switzerland.

Switzerland has a transparent, effective and reliable legal system. Swiss corporate law is characterised by a relatively low level of regulation, although an increase in political efforts to introduce new regulations can be seen (e.g. the introduction of the ordinance against excessive compensation in listed companies and the launch of the people's initiative on "responsible business" protecting human rights and the environment). Compared to its neighbouring countries, Swiss employment law is less restrictive and the social security contributions paid by the employer in Switzerland are reasonable compared to some EU countries.

The strength of the Swiss economy lies mainly in its international outreach and strong intertwining with the economies of other countries. Although Switzerland is not a member of the EU, and although it is unlikely that Switzerland will join the EU in the foreseeable future, its relation with the EU is governed by a series of bilateral agreements. Switzerland and the EU are constantly negotiating new agreements, currently a framework agreement on "institutional issues" aiming to insure that current and future agreements on market access are applied more consistently and efficiently. Switzerland has also been adapting its legal system to international standards in line with the standards of the EU in order to further enhance its international competitiveness. In addition, Switzerland's strong banking sector, which accounted for around 5% of overall economic value creation in Switzerland in 2016, and Switzerland's leading position in the global pharmaceutical, biotech, robotics and virtual reality industries attracts new companies and a qualified labour force.

Switzerland is currently undertaking a comprehensive corporate tax reform in order to abolish the cantonal tax privileges of the holding, domiciliary and mixed companies and substitute them with new competitive and internationally accepted measures. One of the proposed measures is the so-called licence box, pursuant to which certain companies may benefit from reduced tax rates for certain income from patents and other IP rights. After a first bill was rejected by the Swiss voters in 2017, the Swiss Federal Government published an amended proposal in January 2018. Depending on the progress of the legislative process, the revision may take effect in late 2019 or 2020.

Another project in the legislative process is the revision of corporate law. In November 2016, the Swiss Federal Council published its proposal regarding a revision of Swiss corporate law. The aim of the revision is to strengthen corporate governance, to modernise the incorporation and capital structure of public and private companies in Switzerland and to increase legal certainty. Depending on the progress of the legislative process (deliberations in parliament started in early 2018), the corporate law revision may take effect in early 2021.

After 2016's increased M&A activity levels and a significant increase in deal value, M&A activity of Swiss businesses in 2017 remained on a high level, both in terms of the number of deals and the value of deals. All industries contributed to a strong year for M&A in Switzerland, but particularly noteworthy deals took place in the pharmaceutical sector (the acquisition of Actelion by Johnson & Johnson for USD29 billion), consumer markets sector (the acquisition of Atrium Innovations and Blue Bottle Coffee by Nestlé) and the TMT sector (the acquisition of Civica by Partners Group), all showing high levels of transformation or even disruptive changes. 2017 was also a very successful year for private equity: the number of private equity deals in Switzerland reached the highest number since 2007.

For 2018, further revisions to business and operating models are to be anticipated, not only in the large international companies but also the many Switzerland-based small and mid-sized firms. This is particularly due to the digitalisation of business models. We expect M&A to continue being strong in the life sciences sector and to become more important in fintech and the related sectors.

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Baker McKenzie - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Considerable experience of assisting Swiss and international private equity clients with LBOs and venture capital matters. Strong international reach enables the team to routinely advise on cross-border sales, acquisitions and public takeovers. Also assists with joint ventures, share purchase agreements and portfolio transfers. Acts for leading financial institutions, in addition to clients in the pharmaceutical, technology and medical sectors. Offers tax, private equity and litigation advice relating to M&A transactions.

Strengths One client praises the team's international coverage, saying that the firm provides "extremely good local and international law advice in a seamless way that you don't often find. They get straight to the point in line with our focused geographical strategic objectives rather than getting lost in technical detail. The firm provided us with precise, in-depth cross-border advice tailored to the European jurisdictions which we were dealing with."

Other commentators note that the team is "very experienced, has high-performing people," and has the "effective co-operation and the passion to get a deal done."

Work highlights Advised the owners of Toradex Group on the cross-border sale of the group companies to an investor group represented by Verium.

Assisted Cell Medica with its acquisition of all shares in Delenex Theurapeutics.

Notable practitioners

Martin Anderson advised Citizen Watch on its acquisition of the Frederique Constant company and its international subsidiaries. He has further expertise in assisting clients with negotiations, structuring and investments. Clients say that he "is very pragmatic and quickly understands our main objectives and translates them into legal solutions." Other sources describe him as "solution-oriented, creative, precise and available."

Martin Frey represented Ambienta in its acquisition of all the shares of SF-Filter, which included advising on private equity and cross-border issues. One commentator describes him as a "solid player in the market," who is "easy to work with." He has specialist expertise in both M&A and tax issues.

Peers regard Beat Barthold as a "very good practitioner." He is recognised for his experience of handling a wide range of corporate matters, including joint ventures and public and private M&A transactions.

Highlighted by clients for his "pragmatic approach and an outstanding business sense," Alexander Fischer garners further appreciation for having the "sensitivity to resolve difficult situations under high pressure." He regularly handles both domestic and cross-border matters, including acquisitions and joint ventures.

About the Team (content provided by Baker McKenzie)

Department profile not yet provided by Baker McKenzie. Please see their firm profile.

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Bär & Karrer AG - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Market-leading firm for both public and private M&A, as well as joint ventures. Outstanding expertise in all manner of corporate governance issues, including disclosure obligations, insider trading and internal regulations. Highly sought after by clients in the banking, energy, pharmaceutical and telecoms sectors and has particular experience with clients from the private equity sphere. Noted expertise in takeover offers and defence. Credit Suisse Energy Infrastructure Partners is a new client win for the team.

Strengths One client enthuses that "quality is impressive in every way: in transactions their responsiveness and collaboration is key, their connectivity with internal and external stakeholders is excellent and their technical skills are great."

Another commentator adds: "The firm is responsive, commercially aware and provides a good blend of legal and pragmatic advice, which is succinct and reliable."

Work highlights Advised Lonza on its USD5.5 billion acquisition of Capsugel. The transaction included a refinancing of Capsugel's debts.

Represented Heptagon and its shareholders in its USD855 million sale to ams.

Notable practitioners

Recognised as one of the top practitioners in the Swiss energy market, Phyllis Scholl has a focus on clients within both the energy and infrastructure sectors. She advised Swissgrid on the transfer of shares and on the related disputes. Her practice covers transactional, regulatory and contentious issues.

Clients praise Rolf Watter for his "practical insight," "very broad experience" and for being "calm and friendly but very clear in his advice." He regularly represents shareholders in sales and also assists with share transactions.

Dieter Dubs is described as "technically sound in public M&A deals" and a "very calm adviser, who is very creative." His recent highlights include advising HNA on its CHF1.4 billion cash tender offer for gategroup.

Ralph Malacrida represented Sanofi in a USD25 billion exchange transaction with Boehringer Ingelheim. He has a proven track record in high-profile acquisitions involving companies from the pharmaceutical, real estate and technology sectors. He is described as "very responsive, commercially minded, and a real pleasure to work with" by one client who adds that "if you can get him on a deal, then you are sorted."

Christoph Neeracher has a broad range of experience, including advising on acquisitions and investments for clients within the engineering, technology and financial services sectors. He assisted the sellers, which included private equity clients, with their sale of SFC Koenig to IDEX Corporation.

Thomas Reutter advises on both public and private M&A and is described as "practical and solution-oriented." He assisted Pax Anlage with Bâloise's CHF288 million public takeover offer.

Mariel Hoch advised TripAdvisor on its acquisition of HouseTrip and has further experience acting on cross-border M&A matters for clients from the healthcare, real estate, technology and hospitality sectors. She also assists with public M&A.

About the Team (content provided by Bär & Karrer AG)

We have extensive experience and expertise in dealing with complex domestic and cross-border transactions. We act on major deals as well as on smaller transactions. We advise our clients on the full range of corporate transactions, including acquisitions and divestments of privately owned companies, auctions, friendly and hostile takeovers, spin-offs, mergers, transaction finance, and restructurings.

Our mergers & acquisitions practice covers a range of industries including industrial groups, pharmaceutical companies, financial institutions, technology firms, and energy providers. We act for corporate buyers and sellers, private investors as well as private equity funds and their financial advisers.

  • Structuring transactions
  • Due diligence
  • Drafting and negotiation of the transaction documentation
  • Securing regulatory permits, clearances and tax rulings
  • Organizing of signing and closing
  • Implementing transactions

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BianchiSchwald LLC - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Offering a full range of corporate advice to national and multinational clients, particularly advising on corporate restructuring, acquisitions and financing. Also assists with M&A transactions on both the buy and sell-side, as well as venture capital and private equity issues. Acts for both domestic and international clients from the real estate, health and luxury sectors. Regularly advises start-up companies.

Strengths One commentator states: "They are extremely responsive and hard-working. They know exactly what they are doing and they provide effective and swift advice and support. They combine their legal expertise with the deepest market knowledge."

Another client notes that the team is "very fast in grasping the key issues of complex legal matters," and further praises its "practical advice, fast and efficient approach."

Notable practitioners

Thomas Schmid advises on domestic and cross-border matters for clients from a range of sectors including infrastructure, IT and pharmaceuticals. He has notable experience assisting clients with joint ventures, acquisitions, and restructuring and refinancing matters. He also assists with the commercial aspects of agreements.

Manuel Bianchi della Porta is considered to be a "very competent lawyer" who has the "skill to lead a project." He has been active in advising clients from the healthcare and technology sectors on matters such as joint ventures, investments and commercial financing.

About the Team (content provided by BianchiSchwald LLC)

BianchiSchwald has a strong track record in domestic and cross-border M&A transactions and guides clients through all stages of multifaceted transactions, including acquisitions and divestments, friendly and hostile takeovers, spin-offs, mergers as well as restructurings and post-closing implementations.

Given the complexities and the requirements of M&A transactions, our corporate and M&A practice brings together the knowledge and expertise of our various practice groups to form highly-experienced teams focused on and tailored to the needs of our clients and the specific transaction.

BianchiSchwald’s corporate and M&A practice advises national and international clients, including both privately held as well as public companies, from a wide range of industry sectors.

In addition, our team has ample experience in providing services and advice in all areas of corporate law, including corporate governance and corporate housekeeping, internal reorganizations and compliance.

CORE EXPERTISE

- Corporate divestments and acquisitions, mergers and spin-offs;
- Joint ventures;
- Reorganizations and restructurings;
- Private equity and venture capital;
- Financing transactions such as capital increases, issuance of bonds, mezzanine financing;
- Corporate governance;
- Corporate housekeeping;
- Compliance;
- Corporate and M&A-related litigation and arbitration.


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Bratschi AG - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Recognised team that offers notable experience of handling mid-market transactions, including takeovers, often representing listed companies. Advises on transactions from a range of sectors, including banking, IT and telecommunications, energy, construction and healthcare. Often assists with cross-border transactions. Bank CIC and Trea Capital are new client wins for the team.

Strengths Sources note the "very responsive" team's "high degree of personal attention and commitment from the lead partners involved."

Clients appreciate team members' "experience with different types of clients, be they corporates or family owners" and a "clear understanding of business needs."

Work highlights Acted as lead counsel for THERAMetrics Holding on the divestiture of its clinical research organisation operations.

Advised THERAMetrics Holding on its merger with Relief Therapeutics.

Notable practitioners

One client describes Christian Stambach as a "strongly-committed and solution-minded" lawyer with a "great understanding of business needs." He provides assistance with M&A transactions and general corporate issues, including corporate governance and compliance. He has been especially active in transactions in the banking sector.

About the Team (content provided by Bratschi AG)

Focus on middle and upper middle market: Traditionally deeply rooted in the upper Swiss middle market (see client list). However, also advising listed companies.

Various key clients in the financial industry (Raiffeisen Group, St. Galler Kantonalbank).

Due to a lean organization, matters are dealt with high partner attention.

Renowned partners who are known in the market and who have published a lot (see https://www.bratschi-law.ch/en/publications.html).

Business and industry knowledge: Numerous partners have previously worked as in-house or general counsels with the industry. Accordingly, partners have an excellent understanding of commercial issues in related industries, with a particular focus in IT/telecom, finance, energy, real estate, hospitality and healthcare. This allows Bratschi Wiederkehr & Buob AG to understand our clients' needs and objectives.

Bratschi Wiederkehr & Buob AG can rely on excellent contacts in the M&A community.

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CMS - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Widely reputed for its international network and highly integrated service. Advises clients on mid-cap M&A and joint ventures, as well as handling employment, competition and governance issues relating to corporate law. Further capabilities handling multi-jurisdictional private equity transactions and acquisitions for clients, including those in the financial, engineering and infrastructure sectors.

Strengths One interviewee praises the team's "technical competence and good understanding of the economic stakes of the subjects dealt with in order to provide effective support for the decision."

Another client appreciates the team's "solution-oriented and pragmatic approach in negotiations."

Work highlights Assisted SNCF with its acquisition of a 45% stake in BLS Cargo.

Advised Synergie on the legal structuring and establishment of its joint venture with Cavallo Suisse Invest.

Notable practitioners

Clients note that Stefan Brunnschweiler "understands the clients' needs and his approach to problems is very pragmatic and practical," while another reports that he has a "very good management of transactions and good communication." He advised Dover on its cross-border USD120 million sale of Tipper Tie to JBT Corporation.

About the Team (content provided by CMS)

Department profile not yet provided by CMS. Please see their firm profile.

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Eversheds Sutherland - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Handles domestic M&A as well as the Swiss aspects of large cross-border transactions, advising both Swiss and international investors. Noted for its solid international network. Acts for clients from the banking, healthcare and transport sectors. Further experience of representing clients in joint venture agreements and real estate transactions.

Strengths One interviewee states: "I am impressed with their corporate practice and its smooth collaboration across jurisdictions, project management capabilities and general efficiency."

Another client highlights "the firm's geographic footprint" as a strength.

Work highlights Assisted Baird Capital with the sale of the SGX Sensortech group.

Advised Netcetera Group on a joint venture agreement with two major credit card issuers concerning secure mobile payment services.

Notable practitioners

Marc Nufer has advised Monsanto on a multi-jurisdictional reorganisation, including aspects based in the USA, the Netherlands and Luxembourg, a cross-border merger and setting up an intermediary holding company. He has further experience assisting with sale and leaseback matters, as well as auction processes for domestic and international clients in the real estate and agriculture sectors.

About the Team (content provided by Eversheds Sutherland)

Eversheds Sutherland is a global brand with over 66 offices across Africa, Asia, Europe, the Middle East and the United States. In Switzerland, Eversheds Sutherland maintains offices in Zurich, Geneva and Berne.
The Eversheds Sutherland M&A team offers national as well as international companies and entrepreneurs target-oriented and efficient advice in all aspects of mergers & acquisitions (M&A) transactions and takeover regulations. We deliver pragmatic, economically viable and innovative solutions whereby we emphasise project management, cost control and communication. Eversheds Sutherland combines in-depth local knowhow with the necessary international expertise.

Our services include:

     planning, structuring and implementing national and international M&A transactions

     representing in negotiations

     due diligence reviews and post-transaction integration

     drafting of all contracts and legal documents

     obtaining permits, licenses and tax rulings.

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Homburger - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Stellar team with a wealth of experience in domestic and cross-border high-stakes transactions. Stands out for its market-leading public M&A practice, advising clients on major public tender offers, takeovers and takeover defences. Also active in private M&A and assists with joint ventures, private equity, general corporate matters and restructuring mandates. Highly esteemed for assisting with regulatory compliance issues, such as internal investigations. Acts on behalf of pharmaceutical, insurance, chemicals and banking clients on restructuring mandates and private equity matters.

Strengths The team is widely recognised for its track record in market-leading deals. One client remarks: "They are involved in almost every single blue-chip transaction on one side or another so they have a wealth of experience and know the market extremely well."

Other clients commend the firm's "strong commercial" and client-oriented approach. One source states: "They really take care of the client's need and are not just deal administrators. They think ahead because they know their client's specific needs."

Work highlights Acted for Johnson & Johnson on the Swiss law aspects of its USD30 billion acquisition of Actelion by means of a public takeover offer.

Advised Givaudan on its purchase of Activ International.

Notable practitioners

Daniel Daeniker is a well-regarded practitioner who leads on some of the biggest M&A transactions in the market, including acting for Fairfax Financial Holdings on the Swiss aspects of its USD4.9 billion acquisition of Allied World Assurance Company. Regarded as "one of the leading lawyers in Swiss corporate governance," he is recommended for his experience of advising financial services clients. One source enthuses: "He is a very resourceful guy. He has a good network and can be a forceful negotiator when needed."

According to interviewees, Frank Gerhard is an "extremely versatile, creative and responsive" M&A lawyer who is "very easy to deal with" and "knows how to get the answer very fast." He recently advised gategroup Holding on the Swiss law aspects of its EUR237.5 million acquisition of 50% minus one share in Servair. His areas of focus include private equity matters and he offers additional expertise in capital markets.

Dieter Gericke is highly regarded for his extensive track record in prominent M&A transactions, with one source praising him as "outstanding" for his ability "to make deals happen." Clients note his experience in corporate issues and appreciate his "down-to-earth" approach, calm manner and availability. His practice includes public and private M&A mandates, including Bregal Unternehmerkapital's acquisition of a majority stake in Kunststoff Schwanden.

Claude Lambert is praised as a "no-nonsense guy" who is "pragmatic and the point." He is active in mergers and acquisitions and advised CVC Capital Partners on its CHF800 million sale of shares in Sunrise Communications Group to freenet. He gains recognition for his transactional practice, with one source describing him as "extremely accomplished in negotiations."

Mariella Orelli is recognised for her extensive track record in representing clients in energy disputes, including litigation and arbitration. Her recent work includes acting for Alpiq on ICSID proceedings against Romania concerning the termination of electricity supply agreements.

Market commentators admire Heinz Schärer for his formidable track record in "substantial deals." One interviewee enthuses: "He's a very senior adviser who is still enthusiastic about the most detailed work. His energy and his seniority on the one hand, combined with an enthusiasm and a knack for details on the other hand, make him a very good M&A lawyer." He boasts a broad practice, recently advising Charles Vögele Holding on its CHF55 million sale of business to Sempione Retail.

According to sources, Hansjürg Appenzeller "is a very good M&A lawyer, who is very considerate" and "knows what he is talking about." His experience includes public takeover offers and private equity transactions.

David Oser is a well-regarded practitioner who handles M&A transactions and general corporate matters. He advised TDK Corporation on its CHF214 million public takeover of Micronas. One source states: "He thinks out of the box and tries to find solutions."

About the Team (content provided by Homburger)

The Corporate | M&A practice team offers domestic and global enterprises and entrepreneurs expert support with mergers and acquisitions, including joint ventures, equity capital markets, private equity and venture capital as well as corporate governance and corporate and securities law.

Mergers & Acquisitions

Coined the "Swiss M&A powerhouse" by Chambers, Homburger draws on its wealth of experience in corporate acquisitions, auctions and mergers, as well as public tender offers. In this respect, we place special emphasis on cross-border transactions. Our consultancy services are aimed at public and private companies, their directors and investors, as well as at entrepreneurs from all economic sectors.

Equity capital markets and private equity

Other focus areas for the Corporate | M&A practice team are capital markets transactions (including IPOs and share placements) private equity, venture capital and corporate restruc-turings.

Corporate governance and corporate and securities law

Our wide array of services also covers advice on and support with the increasingly important areas of corporate governance and employee participation, as well as support services for public listed companies' shareholders' meetings, say-on-pay regulations, or compliance with reporting obligations.

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Kellerhals Carrard - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Notable team advising on a broad range of transactions, with particular expertise in handling mid-cap M&A share and assets deals, including takeovers. Also provides general corporate and commercial advice, including corporate governance matters. Additional restructuring and regulatory expertise, with experience of Chinese-related matters through its Shanghai presence. Covers a range of industry sectors, including life sciences, energy, financial services and sports. Strong focus on assisting new start-ups and spin-offs with new technology.

Strengths Clients praise the team's speed and practical approach, describing it as "quick," "highly efficient, very to-the-point and pragmatic."

Another source happily notes: "They have an excellent international network which we often rely on."

Work highlights Advised Tanaka Kikinzoku Kogyo on the Swiss aspects of its acquisition of 100% shares in Metalor Technologies International.

Acted for Techpharma and BV Holding on the CHF190 million purchase of the Finox Group.

Notable practitioners

Beat Brechbühl wins praise for his problem-solving skills, with clients describing him as "highly efficient" and a "strong negotiator." He has experience of advising on M&A transactions, joint ventures and general corporate issues. He assisted Galexis with its purchase of Pharmapool.

Ines Pöschel moves up the rankings in recognition of her track record and market presence. She is noted for her "very good and pragmatic" performance in M&A transactions and also assists with corporate governance and proxy advisory matters.

About the Team (content provided by Kellerhals Carrard)

M&A / Transactions

Whatever your role in a merger or acquisition, our M&A team has the expertise and resources needed to help you close your transaction.

  • Structuring transactions​
  • Legal due diligence
  • Drafting and negotiation of transaction documentation
  • Securing regulatory permits, clearances and tax rulings
  • Organisation of signing and closing
  • Integration issues


Our M&A specialists offer a breadth and depth of resources to buyers and sellers in the fields of tax, competition, employment and property law as well as in IP/IT.

We advise a wide range of clients, including quoted, private and foreign-owned companies, financial institutions, equity investors, management teams and entrepreneurs on all aspects of buying and selling companies and businesses. These often involve a cross-border element, in which case we work closely with the client’s own team or our own network of law firms abroad.


Corporate


Our corporate practice is one of the core areas, which engages Kellerhals Carrard. Our corporate team works closely with all of the other practice groups of Kellerhals Carrard, such as IP/IT, Employment/Pensions, Tax and Compliance, as well as with our Notaries.

Our corporate activities include drafting commercial agreements and performing corporate housekeeping (including share register, commercial register and corporate secretarial work) as well as regulatory support. In appropriate cases, we can take on board memberships, board secretary or external counsel roles.

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Lenz & Staehelin - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Premier practice noted for its expertise in public takeovers and assisting clients from the financial services and private equity sectors with acquisitions and divestments. Particular prowess in cross-border transactions, with further experience of matters relating to the technology and energy sectors. Works closely with other departments to offer advice on the tax, employment and contentious aspects of corporate law matters. Also assists clients with infrastructure projects in the public and private sector.

Strengths Clients praise the team's "fantastic firepower and capacity to deal with big transactions."

Other commentators note the team's "responsiveness, dedication, know-how, image" and ability to "consistently provide high-level advice."

Work highlights Assisted Swiss Mobiliar with its acquisition of a 50% interest in Scout24 Schweiz from KKR and its joint venture with Ringier.

Advised Equistone on its acquisition of a majority stake in Roth Group.

Notable practitioners

Andreas von Planta is recognised by peers for his long-standing experience of the Swiss corporate market. He has noteworthy expertise in corporate governance matters.

Hans-Jakob Diem advised the controlling shareholders on Arbonia's CHF511 million acquisition of 100% of the outstanding Looser shares through purchases from individual shareholders and a public tender offer for the remaining shares. Clients value his "strong advice" and underline that he is "knowledgeable and very responsive." He specialises in public M&A and ECM issues.

The "very respected" Rudolf Tschäni has notable experience handling public M&A issues, including hostile takeovers. He also advises a number of boards on corporate governance.

Marcel Meinhardt has experience of advising clients on arbitration matters. He recently assisted Merrill Lynch with power, gas, oil and other energy trading matters in Switzerland. Impressed sources highlight him as "very fast, intelligent and focused on the customer's needs."

Clients describe Andreas Rötheli as someone who "is very smart and can make a transaction happen." Another commentator appreciates that he "handled the matter with caution and represented us strongly." He acted for Laureate Education on its cross-border CHF380 million sale of the Glion Institute of Higher Education and Les Roches International School of Hotel Management. His M&A practice includes private equity buyouts.

Jacques Iffland is highlighted by peers for his work advising on public takeovers and for assisting clients from the financial services sector. He represented Aevis Victoria in its attempted CHF240 million public takeover of LifeWatch. Commentators say he is a "very quick thinker" who is "helpful and gives confidence to clients and bankers."

" V ery good practitioner" Matthias Wolf advised the shareholders of SPAR Holding on their CHF140 million sale of 60% of the company's shares to the South African Spar Group. He also represents clients from the real estate, media and technology sectors. His practice spans M&A, private equity and general corporate issues.

Stephan Erni has particular expertise in handling share purchase and asset agreements for clients from a range of sectors, including finance, hospitality and real estate. One peer describes him as a "knowledgeable and pragmatic lawyer to work with."

Tino Gaberthüel is praised for being "very concise" and "very good" at assisting with M&A and joint venture issues. He represented FIBI Bank in an agreement with CBH Bank regarding the sale and transfer of FIBI's banking relationships and clients' assets. He also acts for TMT clients.

About the Team (content provided by Lenz & Staehelin)

With around 70 partners and associates, Lenz & Staehelin enjoys a leading position in domestic and cross-border private and public M&A transactions, and has been party to many of Switzerland’s most important corporate deals.

In response to the complex requirements of domestic and international mergers and acquisitions and the many areas of law involved, this practice group brings together the knowledge, skills and experience of different practice areas to form focused, creative and hands-on teams for specific transactions.

In addition to advising on corporate law in general, the group also has ample experience in structuring complex cross-border and domestic M&A transactions and working with private equity investments. We also rank among the key players in the highly sophisticated field of public tender offers.

Our work includes:

  • General corporate: Company law, Corporate housekeeping, Corporate and regulatory compliance, Corporate governance, Shareholders' meetings of listed companies, Reorganizations and restructurings

  • M&A: Mergers, Private acquisitions, Private equity investments, including buy-out, venture capital, Public tender offers, including hostile takeovers and takeover defences, Joint ventures, Spin-offs

  • Capital markets and securities laws (disclosure duties, ad hoc publicity, insider information, management transactions)

  • Corporate and M&A-related litigation and arbitration
  • Estate planning and tax advice for entrepreneurs and managers.

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Meyerlustenberger Lachenal Ltd. (MLL) - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Well-regarded team assisting international and domestic clients with mid-market M&A and tender offers. Noted for its extensive experience of corporate governance, particularly stock exchange regulation as well as handling financial recapitalisation issues, restructuring and public tender offers. Advises clients on share and asset purchases, joint ventures and private equity issues. Represents clients from the banking, healthcare and real estate sectors.

Strengths The team is praised by one commentator for its "outstanding support especially in highly complex and interdependent matters" and that it is "always available, supportive and problem solvers - they are always keen to find a commercial solution."

Another client adds the team has a "fast and reliable response," and is "always available."

Work highlights Represented the Bellevue Group in all matters related to its acquisition of the outstanding shares in ShareCapital.

Assisted ayondo Holding with all legal and tax aspects of its reverse takeover transaction with Starland Holdings.

Notable practitioners

Thomas Lustenberger has experience assisting clients with M&A matters. He is a member of the board for several companies, including those in the real estate and textile sectors. He is recognised by peers for his long-standing reputation in the field.

Alexander Vogel advises on a range of matters, including bridge financing, restructuring and acquisitions. One client underlines his "straightforward, analytical" approach, while another adds: "He shows good business insight and understanding of our business, and provides appropriate advice."

"Good negotiator" Andrea Sieber advised Allegis on its acquisition of The Stamford Group, including due diligence and the negotiation of the share purchase agreement. One interviewee underlines that she is "critical, solution-oriented, engaged and has quick reaction times." She assists with a range of M&A and private equity transactions.

About the Team (content provided by Meyerlustenberger Lachenal Ltd. (MLL))

Our corporate and M&A practice encompasses a broad range of domestic and cross-border transactions, including share and asset purchases, mergers, public tender offers, private equity transactions, investment agreements, shareholders’ agreements, corporate governance advisory matters and various other commercial law matters.

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Niederer Kraft Frey - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Excels in the full range of corporate issues, including asset swaps, reorganisations, joint ventures and compliance. Formidable M&A expertise, with a track record of advising listed and regulated entities on public and private M&A transactions, takeovers and tender offers. Recent work includes acting for clients from the banking, pharmaceutical IT and industrial sectors. Possesses additional expertise in private equity issues.

Strengths Clients praise the lawyers' "profound understanding of business" needs, with sources further highlighting their know-how of "IT-related business" and financial institutions.

Clients are impressed with the team's ability to provide "innovative corporate structure implementation" and "pragmatic solutions" as well as highlighting the lawyers' "excellent negotiation skills."

Work highlights Acted for Actelion on the USD30 billion tender offer by Johnson & Johnson and the creation of a new R&D company by way of a demerger.

Advised Trend International Holding on its sale of Gotha Cosmetics' capital stock to a special purpose vehicle held by CAPVIS Equity IV and subsequent reinvestment in Gotha.

Notable practitioners

Peter Isler is well known for his vast experience in the Swiss market. He boasts an extensive track record of advising clients on M&A transactions and general corporate matters.

Clients appreciate Philippe Weber for his "strong experience in international M&A deals" and "business acumen." He has experience of public and private M&A transactions and boasts particular know-how in advising listed companies. One client states: "He is very incisive; he just gets it." He assisted KKR with the local aspects of its USD5.5 billion sale of Capsugel to Lonza.

Philipp Haas is recognised for his experience in high-value public M&A transactions. He focuses on listed companies and advises on tender offers, corporate restructuring and corporate defence. Sources praise his creative approach, describing him as "calm, pragmatic and knowledgeable" and "very effective at persuading others."

Andreas Casutt attracts good feedback from clients and peers, with sources emphasising his "pragmatic and no-nonsense" approach and "good personality." He is recognised for his know-how in private equity, and advised Invision Private Equity on its acquisition of a majority stake in Parkresort Rheinfelden Holding. His broad practice spans M&A and general corporate matters.

Ulysses von Salis is active in some of the firm's biggest M&A transactions and has particular experience of private equity mandates. Sources recognise him as a "good practitioner" and highlight him as "very good on takeover law." His client base features financial institutions and large corporates.

Thomas Brönnimann is described as "very articulate and clear in his advice and technically very good." He is recognised for his work in public M&A transactions and advises on tender offers and takeover law issues. One source states: "He is very, very responsive."

Philipp Candreia supports the the team on local and cross-border mergers and acquisitions and also advises on joint ventures and general corporate matters. He has a particular focus on regulated entities. One client states: "He has broad experience in M&A deals and you can rely on him."

About the Team (content provided by Niederer Kraft Frey)

Corporate / M&A is a core practice of Niederer Kraft & Frey. We rank top-tier in independent legal directories and many of our Corporate / M&A partners are regularly rated as leaders in their field. Throughout our history, we have been the preeminent Corporate / M&A advisor to leading corporations, investment banks, private equity firms and investors.

- We have extensive experience representing public and private companies, investment banks, private equity firms and other investors in complex M&A transactions and provide ongoing advice and guidance on all corporate law matters.
- We excel in complex transactions, where combining our deep experience and capabilities in regulatory, corporate, capital markets and tax is vital to success, in particular redomiciliations to Switzerland, cross-border M&A transactions and restructurings of listed companies.
- As university lecturers, members of expert panels and supervisory bodies and authors of legal publications, Niederer Kraft & Frey lawyers have made a substantial contribution to the development of Swiss corporate law over the past decades. We lead the thinking on corporate law and corporate governance developments, helping our clients in planning for and implementing changes as they occur.

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OBERSON ABELS SA - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Diverse sector experience, including in IT, biotech, pharmaceuticals and real estate. Assists non-profit organisations and other companies with corporate advisory matters, such as restructuring distressed companies, as well as providing representation in joint ventures and regulatory matters. Active in M&A, where it has expertise in demergers, joint ventures and private equity transactions.

Strengths Commentators confirm that "they are good lawyers," emphasising that the team provides "extremely to-the-point" advice.

Notable practitioners

Commentators describe Sébastien Bettschart as "extremely knowledgeable and very practical" and as a "practical, bright, no-nonsense guy." He advises clients on the restructuring of distressed companies, as well as M&A and private equity issues.

Stefan Eberhard has experience assisting with venture capital and project finance matters for non-profit and international organisations. He has further expertise in handling private equity and M&A issues.

About the Team (content provided by OBERSON ABELS SA)

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Pestalozzi - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Sought-after team with expertise in Swiss and cross-border M&A matters, acting for both buyers and sellers on share and asset acquisitions and disposals, as well as assisting with public takeovers. Has a particular track record of acting on M&A transactions in the banking sector. Advises on corporate compliance, internal restructuring, joint ventures and the liability of directors and officers. Acts for household names in the pharmaceutical, financial services, media and food and beverage sectors.

Strengths Clients note: "The firm provides legally sound, pragmatic, solution-oriented, hands-on advice without lengthy theory."

Clients also emphasise the good client service provided by the firm, with sources praising the lawyers' "quick reaction" and "flexible" working practices to meet client expectations and tight deadlines.

Work highlights Advised CBH Bank on its acquisition of FIBI Bank.

Assisted Valartis Group with its CHF77.7 million sale of shares and participation certificates in Valartis Bank.

Notable practitioners

Jakob Höhn enjoys a good reputation in the market as a "strong technician" who can handle "more complex transactions." His experience comprises public and private M&A, joint ventures and general corporate issues. One client states: "He is just so pragmatic and efficient and likes to think outside the box."

Christoph Lang is praised for his "pragmatic approach and good level of service." He advises on M&A transactions and general corporate issues, particularly corporate governance matters. He assisted Ringier with its strategic partnership with Swiss Mobiliar following Mobiliar's position as a new shareholder in Scout24 Schweiz.

Sébastien Roy is described as a "very clever" practitioner, with sources recognising his track record in M&A transactions in the banking sector. He is noted for his additional expertise in banking and finance matters.

About the Team (content provided by Pestalozzi)

Pestalozzi’s Corporate/M&A practice group has provided domestic and foreign companies, investors and executives with commercial and corporate law solutions for more than a century. We have developed in-depth knowledge and expertise in a broad range of important industries (e.g. Chemicals, Media).

The Corporate/M&A practice group provides domestic and foreign clients with a full range of Swiss corporate and commercial legal advisory services in five distinct areas – corporate, M&A, commercial, capital markets and private equity/venture capital.

  • Corporate law advice covers incorporations, capital increases, capital reductions, small- and large-scale corporate reorganizations, restructuring and corporate housekeeping (including the share register, FATF register, commercial register and corporate secretarial work). Several specialists focus on listed companies and cover all legal issues relevant to listed companies and their top executives
  • Pestalozzi’s M&A specialists design and implement acquisition and disposition strategies for public and private companies (including friendly and hostile tender offers) and represent strategic and financial buyers, sellers, and their respective financial advisors in all kinds of cross-border and domestic M&A transactions. These range from share- and asset-purchase transactions (including auctions processes) to public takeovers and takeover defenses, squeeze-outs, mergers, demergers, carve-out transactions, spin-offs and other asset transfers.




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Schellenberg Wittmer Ltd - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Prestigious team that is well versed in the full spectrum of corporate matters, with particular expertise in public M&A, in which it acts for both buyers and sellers. Advises on domestic and cross-border matters, with noteworthy experience of the energy, financial services and life sciences sectors. Well placed to advise on transactions involving Asia thanks to the firm's office in Singapore. Further expertise in handling joint ventures and asset deals.

Strengths One client describes the team as "very practical, straight to the point, accessible, flexible and very nice to work with." The same source also highlights its "solid international know-how."

Another interviewee praises the firm as "client-oriented," adding that they "frequently follow up and keep me updated on status of ongoing projects," promoting a "very constructive partnership."

Work highlights Advised Procter & Gamble on the USD12.5 billion sale and transfer of various speciality beauty cosmetic brands to Coty.

Assisted GCA Savvian with its merger agreement with Altium and a share transfer between the companies.

Notable practitioners

Oliver Triebold advised MoneyPark on the CHF107 million sale of 70% of its shares to Helvetia Group. He is praised as an "excellent lawyer" thanks to his work on M&A, joint ventures and private equity mandates.

Martin Weber has long-standing experience handling a variety of corporate matters. He recently assisted with complex cross-border transactions for clients within the financial sector. One client states that Weber is "very practical, accessible, flexible and very nice to work with."

Lorenzo Olgiati has experience of handling transactional matters for clients from a variety of sectors, including energy and financial services. He advised ams on the USD855 million acquisition of 100% of the share capital in Heptagon.

About the Team (content provided by Schellenberg Wittmer Ltd)

Schellenberg Wittmer's Mergers & Acquisitions Group features lawyers with diverse backgrounds, training and specializations, all of whom have a distinctly international outlook. As a result, we offer clients a dedicated team that has the experience and size to handle every type of transaction, from complex start-up financing rounds over private equity deals to large cross-border projects across all relevant industry sectors.
By drawing on a unique combination of skills and resources, we provide our clients with creative and result-oriented legal advice of the highest quality in national and international M&A transactions. Our expertise extends from acquisition planning and structuring through deal negotiating and successful closing; from early-stage investments and joint ventures to IPOs, trade sales and public takeovers.

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Vischer - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Established practice handling the full spectrum of corporate matters for domestic and international clients. Known for its prominence on mid-market M&A transactions, where it has substantial expertise in corporate buyouts and public takeovers, often acting for shareholders. Especially active in representing life sciences and private equity clients, with experience of transactions in the energy and IT sectors. Thales Alenia Space is one of the firm's new client wins.

Strengths One client states: "We appreciate that Vischer has not only a thorough knowledge of corporate law, but also a good understanding of business operations and financial matters. Because they understand the big picture, they are able to provide more useful guidance." Another describes them as "very thorough in negotiating M&A transactions."

The team is also praised for its client service. One commentator says: "The responsiveness of the Vischer lawyers is without exception very prompt and their advice is always to the point."

Work highlights Advised Guthy-Renker on the Swiss aspects of its sale of 70% stake in The Proactiv Company to Nestlé.

Assisted Anheuser-Busch InBev with its EUR7.3 billion sale of SABMiller's former Eastern European business to Asahi.

Notable practitioners

Stefan Rechsteiner is a long-standing figure in the Swiss energy law market. He has an extensive track record in regulatory matters and regularly assists clients with related administrative proceedings. One client states: "He has comprehensive and detailed expertise in energy law, strong commercial awareness and a great deal of experience in negotiating." He advised Reichmuth & Co Investmentfonds on its acquisition of SSB's shares in Swissgrid.

Jürg Luginbühl is noted for his presence in the public and private M&A arena and also advises on private equity transactions. One source commends his understanding of the market and finds him "nice to work with."

Michael Waldner is involved in energy disputes with the regulator. He has particular experience in assisting clients with matters relating to renewable energy and nuclear power.

According to market commentators, Robert Bernet is a "very well-known" figure in the Swiss market. He is particularly focused on advising on transactions in the energy sector and has experience of public M&A. He advised Thales Alenia Space on its purchase of RUAG's opto-electronics business.

Matthias Staehelin comes particularly recommended for his know-how of M&A transactions in the life sciences and IT sectors. One client enthuses: "Matthias is a real problem solver and contributes strategically in our discussions, rather than just regurgitating the rules of law."

Clients praise Benedict Christ for his diligence and "practical approach to resolving difficult issues with the other side." His practice comprises M&A and general corporate advice, including transactions in the real estate sector. He assisted Bâloise Holding with its CHF288 million acquisition of a majority stake in Pax Anlage and public tender offer.

Felix Egli is particularly active in the private M&A area, where he advises on cross-border transactions. He also boasts experience of public takeover deals and recently assisted Astorg Partners with the Swiss aspects of its acquisition of a majority stake in AutoForm.

About the Team (content provided by Vischer)

Department profile not yet provided by Vischer. Please see their firm profile.

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Walder Wyss Ltd - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Respected team that advises on all aspects of M&A transactions, including related tax, competition and regulatory compliance issues. Handles a high volume of mid-cap public and private M&A transactions and frequently acts as local counsel on complex multi-jurisdictional transactions, including public tender offers. Covers corporate restructurings, takeovers and market entry and also assists listed companies with shareholder issues and compliance. Prominent client base includes names from the media, telecoms, insurance, and healthcare and life sciences sectors.

Strengths Clients highlight the lawyers' "very commercial" approach, describing them as "proactive and solution-oriented," and "strong on advising on commercial negotiations," and "structuring and tax optimisation."

The firms also receives praise for its client service, with clients deeming them to be "very approachable, very service-oriented" and "very friendly."

Work highlights Acted for Allied World Assurance Company Holdings on its USD4.9 billion sale of the company to Fairfax Financial Holdings.

Advised Groupe SEB on the Swiss aspects of its billion-euro acquisition of WMF Group.

Notable practitioners

Commentators deem Urs Schenker to be a "heavy hitter" who "continues to be a dominant figure" in the Swiss market. He has an impressive track record in the local and international M&A arena and is also experienced in advising on corporate reorganisations and restructuring, public tender offers and buyouts. Of late, he assisted Ascom with its CHF30 million sale of its TEMS division to InfoVista.

Markus Vischer attracts praise for his "capacity to make sense of complex issues." His areas of focus include M&A transactions, commercial issues and corporate matters, including business reorganisations. He advised the owner of AutoForm Group on its sale of a majority stake in the company to Astorg Partners. One client enthuses: "He is flexible and diplomatic and really willing and able to manage a project for the client."

According to clients, Urs Gnos is a "focused and goal-oriented" M&A lawyer with a "strong ability to effectively communicate legal issues to non-lawyers." His practice also includes buyouts, public tender offers and corporate reorganisations and restructuring. He advised Mercury Systems on its USD38 million acquisition of Creative Electronic Systems.

One client finds Luc Defferrard easy to deal with, emphasising that "he always tries to make things as simple as possible for those who aren't lawyers." He is noted for his work in M&A transactions and has a particular focus on private equity buyouts. His recent work includes representing Rakuten in its acquisition of a minority stake in getAbstract. One client enthuses: "He has a very, very good eye for what is feasible yet always fights to get the best result for his client."

Alex Nikitine's practice features M&A, public tender offers and corporate governance matters, with a particular focus on banking, pharma and e-commerce clients. He represented majority shareholders Pax Holding and Pax, Schweizerische Lebensversicherungs-Gesellschaft in Bâloise Life's USD288 million acquisition of a majority stake in Pax Anlage.

Patrick Vogel is a visible figure in the Swiss M&A market. He has experience of domestic and international transactions and also handles general corporate matters, including business reorganisations. He acted as Swiss counsel to J. Safra Sarasin Holding on its purchase of shares in Credit Suisse (Monaco) and Credit Suisse (Gibraltar).

About the Team (content provided by Walder Wyss Ltd)

Walder Wyss advises on and assists in the incorporation and organisation of various business activities in Switzerland. The firm helps its clients to create suitable corporate governance structures, and provides efficient advice on legal and compliance matters, including, but not limited to, corporate, environmental and labour issues, business leases and property management, immigration and foreign employee recruitment, closing-down procedures and data protection law issues.
Walder Wyss advises numerous SIX-listed companies or Swiss companies with a listing abroad in connection with their annual shareholders’ meetings and compliance with the entire compensation and corporate governance regime of Swiss companies listed in Switzerland or abroad.
Our MergerMarket rankings (2013, 2014, 2015 and 2016: Top 3 among Swiss law firms and Top 6 in terms of deal count in the Germanic market compromising Germany, Austria and Switzerland) and the various shortlistings show the firm’s and its M&A team’s footprint.

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Wenger & Vieli Ltd. - Corporate/M&A Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Assists with cross-border and domestic mid-market M&A and venture capital transactions. Specialist knowledge of the oil and gas industry, with a varied client list that includes car manufacturers, e-commerce platforms and financial institutions. Recognised for its representation of private equity funds and its expertise in corporate governance and structuring. Statoil is a new addition to the team's client roster.

Strengths Clients appreciate the team's "pragmatic approach and good understanding of business implications."

Another commentator notes that the team is "very determined to achieve the goals of their clients, while at the same time never risking a deal."

Work highlights Represented Audax Private Equity in the multi-jurisdictional USD640 million sale of LABOIRE Medical Technologies to a US-based company.

Advised an international consortium of investors on the largest Swiss utility's sale of a portfolio of hydropower plants by way of a structured process.

Notable practitioners

Beat Speck is well-regarded for his work in venture capital matters, as well as for his knowledge on energy issues. He recently advised Trans Adriatic Pipeline on the CHF140 million fundraising for its energy infrastructure project. Clients value him as a "top-notch lawyer," who "understands business elements and is extremely responsive."

Wolfgang Zürcher is recognised by peers for his experience of acquisitions and corporate takeovers. His recent highlights include assisting Helvetia Insurance with the CHF108 million purchase of a mature start-up.

Christian Wenger has an established presence in the sector and routinely advises on cross-border issues for clients in the financial sector. Market observers note that he continues to be "very firmly in the corporate and M&A world."

Pascal Honold assisted with Adval Tech's CHF145 million cross-border sale of its mould making business. He has further experience acting on matters for private equity funds, as well as on venture capital issues.

About the Team (content provided by Wenger & Vieli Ltd.)

Wenger & Vieli provides expert legal advice on all aspects of M&A and corporate restructurings. In cross-border transactions, Wenger & Vieli has considerable experience in working with foreign firms. Wenger & Vieli also acts as project manager in complex international transactions.

Even following consummation of the merger, acquisition and/or reorganization, Wenger & Vieli closely monitors legislative and regulatory developments that may affect its clients and provides advice concerning regulations and interpretations relating to the structure and operation of its clients' businesses.

In particular, Wenger & Vieli provides advice on:

•    the negotiation and drafting of all legal documents related to the various types            of M&As, including the attendant escrow agreements with banks and third parties;

•    public takeovers;

•    private acquisitions;

•    leveraged management buyouts;
•    joint ventures.

We also help our clients to manage regulatory issues, such as the filing of applications with the Swiss Competition Commission for mergers and joint ventures and clearance at national levels.

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Overview

SWITZERLAND: An Introduction to Corporate/M&A Contributed by Anna Peter, Homburger

Switzerland: An introduction to Corporate|M&A 2018

Switzerland is a stable and modern market economy with one of the world's lowest unemployment rates, a highly skilled labour force, and a GDP per capita that is among the highest in the world. According to the World Economic Forum’s Global Competitiveness Report 2017-2018, Switzerland ranks first place globally for the ninth consecutive year in terms of competitiveness. The high ranking is driven by Switzerland's efficient labour market, the sophistication of its businesses, its strength in innovation, and the availability and use of the latest technologies. Other key advantages of Switzerland as a business hub are its infrastructure, the availability of financial services and the quality of its education system. Switzerland’s reasonable corporate tax rates contribute to the country's status as one of the most competitive economies.

The Swiss Federal Government adopts a relaxed attitude of benevolent non-interference towards foreign investment, creating and maintaining favourable conditions for both Swiss and foreign investors. In principle, there are no restrictions for foreigners wishing to do business in Switzerland or wishing to invest in businesses in Switzerland. One exception is the Federal Act on the Acquisition of Real Estate by Foreign Nationals, the so-called Lex Koller, which restricts the acquisition of residential real estate by persons living abroad. The Lex Koller does, however, in principle not restrict the acquisition of real estate used for commercial purposes. Yet in March 2017, the Swiss Federal Government opened the legislative process on a revision of the Lex Koller, amongst others, putting this principle up for discussion. Except for the financial sector (e.g. banks, wealth management companies and insurances) and for certain professions (e.g. lawyers, auditors, professions in the healthcare sector, education sector and construction sector), there is in general no permit required for doing business in Switzerland.

Switzerland has a transparent, effective and reliable legal system. Swiss corporate law is characterised by a relatively low level of regulation, although an increase in political efforts to introduce new regulations can be seen (e.g. the introduction of the ordinance against excessive compensation in listed companies and the launch of the people's initiative on "responsible business" protecting human rights and the environment). Compared to its neighbouring countries, Swiss employment law is less restrictive and the social security contributions paid by the employer in Switzerland are reasonable compared to some EU countries.

The strength of the Swiss economy lies mainly in its international outreach and strong intertwining with the economies of other countries. Although Switzerland is not a member of the EU, and although it is unlikely that Switzerland will join the EU in the foreseeable future, its relation with the EU is governed by a series of bilateral agreements. Switzerland and the EU are constantly negotiating new agreements, currently a framework agreement on "institutional issues" aiming to insure that current and future agreements on market access are applied more consistently and efficiently. Switzerland has also been adapting its legal system to international standards in line with the standards of the EU in order to further enhance its international competitiveness. In addition, Switzerland's strong banking sector, which accounted for around 5% of overall economic value creation in Switzerland in 2016, and Switzerland's leading position in the global pharmaceutical, biotech, robotics and virtual reality industries attracts new companies and a qualified labour force.

Switzerland is currently undertaking a comprehensive corporate tax reform in order to abolish the cantonal tax privileges of the holding, domiciliary and mixed companies and substitute them with new competitive and internationally accepted measures. One of the proposed measures is the so-called licence box, pursuant to which certain companies may benefit from reduced tax rates for certain income from patents and other IP rights. After a first bill was rejected by the Swiss voters in 2017, the Swiss Federal Government published an amended proposal in January 2018. Depending on the progress of the legislative process, the revision may take effect in late 2019 or 2020.

Another project in the legislative process is the revision of corporate law. In November 2016, the Swiss Federal Council published its proposal regarding a revision of Swiss corporate law. The aim of the revision is to strengthen corporate governance, to modernise the incorporation and capital structure of public and private companies in Switzerland and to increase legal certainty. Depending on the progress of the legislative process (deliberations in parliament started in early 2018), the corporate law revision may take effect in early 2021.

After 2016's increased M&A activity levels and a significant increase in deal value, M&A activity of Swiss businesses in 2017 remained on a high level, both in terms of the number of deals and the value of deals. All industries contributed to a strong year for M&A in Switzerland, but particularly noteworthy deals took place in the pharmaceutical sector (the acquisition of Actelion by Johnson & Johnson for USD29 billion), consumer markets sector (the acquisition of Atrium Innovations and Blue Bottle Coffee by Nestlé) and the TMT sector (the acquisition of Civica by Partners Group), all showing high levels of transformation or even disruptive changes. 2017 was also a very successful year for private equity: the number of private equity deals in Switzerland reached the highest number since 2007.

For 2018, further revisions to business and operating models are to be anticipated, not only in the large international companies but also the many Switzerland-based small and mid-sized firms. This is particularly due to the digitalisation of business models. We expect M&A to continue being strong in the life sciences sector and to become more important in fintech and the related sectors.

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Senior Statesperson

Niederer Kraft Frey

From the Chambers Europe guide

Peter Isler is well known for his vast experience in the Swiss market. He boasts an extensive track record of advising clients on M&A transactions and general corporate matters.

^ See whole ranking table

Senior Statesperson

Thomas Lustenberger

Meyerlustenberger Lachenal

From the Chambers Europe guide

Thomas Lustenberger has experience assisting clients with M&A matters. He is a member of the board for several companies, including those in the real estate and textile sectors. He is recognised by peers for his long-standing reputation in the field.

^ See whole ranking table

Senior Statesperson

Andreas von Planta

Lenz & Staehelin

From the Chambers Europe guide

Andreas von Planta is recognised by peers for his long-standing experience of the Swiss corporate market. He has noteworthy expertise in corporate governance matters.

^ See whole ranking table

Band 1

Homburger

From the Chambers Europe guide

Daniel Daeniker is a well-regarded practitioner who leads on some of the biggest M&A transactions in the market, including acting for Fairfax Financial Holdings on the Swiss aspects of its USD4.9 billion acquisition of Allied World Assurance Company. Regarded as "one of the leading lawyers in Swiss corporate governance," he is recommended for his experience of advising financial services clients. One source enthuses: "He is a very resourceful guy. He has a good network and can be a forceful negotiator when needed."

^ See whole ranking table

Band 1

Lenz & Staehelin

From the Chambers Europe guide

Hans-Jakob Diem advised the controlling shareholders on Arbonia's CHF511 million acquisition of 100% of the outstanding Looser shares through purchases from individual shareholders and a public tender offer for the remaining shares. Clients value his "strong advice" and underline that he is "knowledgeable and very responsive." He specialises in public M&A and ECM issues.

^ See whole ranking table

Band 1

Homburger

From the Chambers Europe guide

According to interviewees, Frank Gerhard is an "extremely versatile, creative and responsive" M&A lawyer who is "very easy to deal with" and "knows how to get the answer very fast." He recently advised gategroup Holding on the Swiss law aspects of its EUR237.5 million acquisition of 50% minus one share in Servair. His areas of focus include private equity matters and he offers additional expertise in capital markets.

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Band 1

Walder Wyss Ltd

From the Chambers Europe guide

Commentators deem Urs Schenker to be a "heavy hitter" who "continues to be a dominant figure" in the Swiss market. He has an impressive track record in the local and international M&A arena and is also experienced in advising on corporate reorganisations and restructuring, public tender offers and buyouts. Of late, he assisted Ascom with its CHF30 million sale of its TEMS division to InfoVista.

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Band 1

Lenz & Staehelin

From the Chambers Europe guide

The "very respected" Rudolf Tschäni has notable experience handling public M&A issues, including hostile takeovers. He also advises a number of boards on corporate governance.

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Band 1

Bär & Karrer AG

From the Chambers Europe guide

Clients praise Rolf Watter for his "practical insight," "very broad experience" and for being "calm and friendly but very clear in his advice." He regularly represents shareholders in sales and also assists with share transactions.

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Band 1

Niederer Kraft Frey

From the Chambers Europe guide

Clients appreciate Philippe Weber for his "strong experience in international M&A deals" and "business acumen." He has experience of public and private M&A transactions and boasts particular know-how in advising listed companies. One client states: "He is very incisive; he just gets it." He assisted KKR with the local aspects of its USD5.5 billion sale of Capsugel to Lonza.

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Band 2

Baker McKenzie

From the Chambers Europe guide

Martin Anderson advised Citizen Watch on its acquisition of the Frederique Constant company and its international subsidiaries. He has further expertise in assisting clients with negotiations, structuring and investments. Clients say that he "is very pragmatic and quickly understands our main objectives and translates them into legal solutions." Other sources describe him as "solution-oriented, creative, precise and available."

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Band 2

Bär & Karrer AG

From the Chambers Europe guide

Dieter Dubs is described as "technically sound in public M&A deals" and a "very calm adviser, who is very creative." His recent highlights include advising HNA on its CHF1.4 billion cash tender offer for gategroup.

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Band 2

Baker McKenzie

From the Chambers Europe guide

Martin Frey represented Ambienta in its acquisition of all the shares of SF-Filter, which included advising on private equity and cross-border issues. One commentator describes him as a "solid player in the market," who is "easy to work with." He has specialist expertise in both M&A and tax issues.

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Band 2

Homburger

From the Chambers Europe guide

Dieter Gericke is highly regarded for his extensive track record in prominent M&A transactions, with one source praising him as "outstanding" for his ability "to make deals happen." Clients note his experience in corporate issues and appreciate his "down-to-earth" approach, calm manner and availability. His practice includes public and private M&A mandates, including Bregal Unternehmerkapital's acquisition of a majority stake in Kunststoff Schwanden.

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Band 2

Niederer Kraft Frey

From the Chambers Europe guide

Philipp Haas is recognised for his experience in high-value public M&A transactions. He focuses on listed companies and advises on tender offers, corporate restructuring and corporate defence. Sources praise his creative approach, describing him as "calm, pragmatic and knowledgeable" and "very effective at persuading others."

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Band 2

Pestalozzi

From the Chambers Europe guide

Jakob Höhn enjoys a good reputation in the market as a "strong technician" who can handle "more complex transactions." His experience comprises public and private M&A, joint ventures and general corporate issues. One client states: "He is just so pragmatic and efficient and likes to think outside the box."

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Band 2

Homburger

From the Chambers Europe guide

Claude Lambert is praised as a "no-nonsense guy" who is "pragmatic and the point." He is active in mergers and acquisitions and advised CVC Capital Partners on its CHF800 million sale of shares in Sunrise Communications Group to freenet. He gains recognition for his transactional practice, with one source describing him as "extremely accomplished in negotiations."

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Band 2

Bär & Karrer AG

From the Chambers Europe guide

Ralph Malacrida represented Sanofi in a USD25 billion exchange transaction with Boehringer Ingelheim. He has a proven track record in high-profile acquisitions involving companies from the pharmaceutical, real estate and technology sectors. He is described as "very responsive, commercially minded, and a real pleasure to work with" by one client who adds that "if you can get him on a deal, then you are sorted."

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Band 2

Christoph Neeracher

Bär & Karrer AG

From the Chambers Europe guide

Christoph Neeracher has a broad range of experience, including advising on acquisitions and investments for clients within the engineering, technology and financial services sectors. He assisted the sellers, which included private equity clients, with their sale of SFC Koenig to IDEX Corporation.

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Band 2

Lenz & Staehelin

From the Chambers Europe guide

Clients describe Andreas Rötheli  as someone who "is very smart and can make a transaction happen." Another commentator appreciates that he "handled the matter with caution and represented us strongly." He acted for Laureate Education on its cross-border CHF380 million sale of the Glion Institute of Higher Education and Les Roches International School of Hotel Management. His M&A practice includes private equity buyouts.

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Band 2

Walder Wyss Ltd

From the Chambers Europe guide

Markus Vischer attracts praise for his "capacity to make sense of complex issues." His areas of focus include M&A transactions, commercial issues and corporate matters, including business reorganisations. He advised the owner of AutoForm Group on its sale of a majority stake in the company to Astorg Partners. One client enthuses: "He is flexible and diplomatic and really willing and able to manage a project for the client."

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Band 3

Baker McKenzie

From the Chambers Europe guide

Peers regard Beat Barthold as a "very good practitioner." He is recognised for his experience of handling a wide range of corporate matters, including joint ventures and public and private M&A transactions.

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Band 3

Tavernier Tschanz

From the Chambers Europe guide

Jacques Bonvin of Tavernier Tschanz is recognised by peers for his work in the M&A field. He is active in corporate and commercial transactions as well as issues within the banking and new technologies sectors.

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Band 3

Kellerhals Carrard

From the Chambers Europe guide

Beat Brechbühl wins praise for his problem-solving skills, with clients describing him as "highly efficient" and a "strong negotiator." He has experience of advising on M&A transactions, joint ventures and general corporate issues. He assisted Galexis with its purchase of Pharmapool.

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Band 3

Niederer Kraft Frey

From the Chambers Europe guide

Andreas Casutt attracts good feedback from clients and peers, with sources emphasising his "pragmatic and no-nonsense" approach and "good personality." He is recognised for his know-how in private equity, and advised Invision Private Equity on its acquisition of a majority stake in Parkresort Rheinfelden Holding. His broad practice spans M&A and general corporate matters.

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Band 3

Walder Wyss Ltd

From the Chambers Europe guide

According to clients, Urs Gnos is a "focused and goal-oriented" M&A lawyer with a "strong ability to effectively communicate legal issues to non-lawyers." His practice also includes buyouts, public tender offers and corporate reorganisations and restructuring. He advised Mercury Systems on its USD38 million acquisition of Creative Electronic Systems.

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Band 3

Lenz & Staehelin

From the Chambers Europe guide

Jacques Iffland is highlighted by peers for his work advising on public takeovers and for assisting clients from the financial services sector. He represented Aevis Victoria in its attempted CHF240 million public takeover of LifeWatch. Commentators say he is a "very quick thinker" who is "helpful and gives confidence to clients and bankers."

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Band 3

id est avocats sarl

From the Chambers Europe guide

Michel Jaccard of id est avocats sarl is commended for his "broad expertise in the IT field" and has widespread recognition for his extensive track record of advising technology startups. His broad practice includes general corporate advice, transactional support and venture capital mandates. One client states: "He is extremely pragmatic, goes straight to the point and provides strong leadership."

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Band 3

Pestalozzi

From the Chambers Europe guide

Christoph Lang is praised for his "pragmatic approach and good level of service."  He advises on M&A transactions and general corporate issues, particularly corporate governance matters. He assisted Ringier with its strategic partnership with Swiss Mobiliar following Mobiliar's position as a new shareholder in Scout24 Schweiz.

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Band 3

Vischer

From the Chambers Europe guide

Jürg Luginbühl is noted for his presence in the public and private M&A arena and also advises on private equity transactions. One source commends his understanding of the market and finds him "nice to work with."

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Band 3

Homburger

From the Chambers Europe guide

Market commentators admire Heinz Schärer for his formidable track record in "substantial deals." One interviewee enthuses: "He's a very senior adviser who is still enthusiastic about the most detailed work. His energy and his seniority on the one hand, combined with an enthusiasm and a knack for details on the other hand, make him a very good M&A lawyer." He boasts a broad practice, recently advising Charles Vögele Holding on its CHF55 million sale of business to Sempione Retail.

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Band 3

Schellenberg Wittmer Ltd

From the Chambers Europe guide

Oliver Triebold advised MoneyPark on the CHF107 million sale of 70% of its shares to Helvetia Group. He is praised as an "excellent lawyer" thanks to his work on M&A, joint ventures and private equity mandates.

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Band 3

Meyerlustenberger Lachenal Ltd. (MLL)

From the Chambers Europe guide

Alexander Vogel advises on a range of matters, including bridge financing, restructuring and acquisitions. One client underlines his "straightforward, analytical" approach, while another adds: "He shows good business insight and understanding of our business, and provides appropriate advice."

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Band 3

Ulysses von Salis

Niederer Kraft Frey

From the Chambers Europe guide

Ulysses von Salis is active in some of the firm's biggest M&A transactions and has particular experience of private equity mandates. Sources recognise him as a "good practitioner" and highlight him as "very good on takeover law." His client base features financial institutions and large corporates.

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Band 3

Schellenberg Wittmer Ltd

From the Chambers Europe guide

Martin Weber has long-standing experience handling a variety of corporate matters. He recently assisted with complex cross-border transactions for clients within the financial sector. One client states that Weber is "very practical, accessible, flexible and very nice to work with."

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Band 3

Lenz & Staehelin

From the Chambers Europe guide

"Very good practitioner" Matthias Wolf advised the shareholders of SPAR Holding on their CHF140 million sale of 60% of the company's shares to the South African Spar Group. He also represents clients from the real estate, media and technology sectors. His practice spans M&A, private equity and general corporate issues.

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Band 4

Hansjürg Appenzeller

Homburger

From the Chambers Europe guide

According to sources, Hansjürg Appenzeller "is a very good M&A lawyer, who is very considerate" and "knows what he is talking about." His experience includes public takeover offers and private equity transactions.

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Band 4

Vischer

From the Chambers Europe guide

According to market commentators, Robert Bernet is a "very well-known" figure in the Swiss market. He is particularly focused on advising on transactions in the energy sector and has experience of public M&A. He advised Thales Alenia Space on its purchase of RUAG's opto-electronics business.

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Band 4

Sébastien Bettschart

OBERSON ABELS SA

From the Chambers Europe guide

Commentators describe Sébastien Bettschart as "extremely knowledgeable and very practical" and as a "practical, bright, no-nonsense guy." He advises clients on the restructuring of distressed companies, as well as M&A and private equity issues.

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Band 4

Walder Wyss Ltd

From the Chambers Europe guide

One client finds Luc Defferrard easy to deal with, emphasising that "he always tries to make things as simple as possible for those who aren't lawyers." He is noted for his work in M&A transactions and has a particular focus on private equity buyouts. His recent work includes representing Rakuten in its acquisition of a minority stake in getAbstract. One client enthuses: "He has a very, very good eye for what is feasible yet always fights to get the best result for his client."

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Band 4

OBERSON ABELS SA

From the Chambers Europe guide

Stefan Eberhard has experience assisting with venture capital and project finance matters for non-profit and international organisations. He has further expertise in handling private equity and M&A issues.

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Band 4

Schellenberg Wittmer Ltd

From the Chambers Europe guide

Lorenzo Olgiati has experience of handling transactional matters for clients from a variety of sectors, including energy and financial services. He advised ams on the USD855 million acquisition of 100% of the share capital in Heptagon.

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Band 4

Homburger

From the Chambers Europe guide

David Oser is a well-regarded practitioner who handles M&A transactions and general corporate matters. He advised TDK Corporation on its CHF214 million public takeover of Micronas. One source states: "He thinks out of the box and tries to find solutions."

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Band 4

Bär & Karrer AG

From the Chambers Europe guide

Thomas Reutter advises on both public and private M&A and is described as "practical and solution-oriented." He assisted Pax Anlage with Bâloise's CHF288 million public takeover offer.

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Band 4

Pestalozzi

From the Chambers Europe guide

Sébastien Roy is described as a "very clever" practitioner, with sources recognising his track record in M&A transactions in the banking sector. He is noted for his additional expertise in banking and finance matters. 

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Band 4

BianchiSchwald LLC

From the Chambers Europe guide

Thomas Schmid advises on domestic and cross-border matters for clients from a range of sectors including infrastructure, IT and pharmaceuticals. He has notable experience assisting clients with joint ventures, acquisitions, and restructuring and refinancing matters. He also assists with the commercial aspects of agreements.

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Band 4

Wenger & Vieli Ltd.

From the Chambers Europe guide

Beat Speck is well-regarded for his work in venture capital matters, as well as for his knowledge on energy issues. He recently advised Trans Adriatic Pipeline on the CHF140 million fundraising for its energy infrastructure project. Clients value him as a "top-notch lawyer," who "understands business elements and is extremely responsive."

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Band 4

Matthias Staehelin

Vischer

From the Chambers Europe guide

Matthias Staehelin comes particularly recommended for his know-how of M&A transactions in the life sciences and IT sectors. One client enthuses: "Matthias is a real problem solver and contributes strategically in our discussions, rather than just regurgitating the rules of law."

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Band 4

Wolfgang Zürcher

Wenger & Vieli Ltd.

From the Chambers Europe guide

Wolfgang Zürcher is recognised by peers for his experience of acquisitions and corporate takeovers. His recent highlights include assisting Helvetia Insurance with the CHF108 million purchase of a mature start-up.

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Band 5

Manuel Bianchi della Porta

BianchiSchwald LLC

From the Chambers Europe guide

Manuel Bianchi della Porta is considered to be a "very competent lawyer" who has the "skill to lead a project." He has been active in advising clients from the healthcare and technology sectors on matters such as joint ventures, investments and commercial financing.

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Band 5

Thomas Brönnimann

Niederer Kraft Frey

From the Chambers Europe guide

Thomas Brönnimann is described as "very articulate and clear in his advice and technically very good." He is recognised for his work in public M&A transactions and advises on tender offers and takeover law issues. One source states: "He is very, very responsive."

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Band 5

Stefan Brunnschweiler

CMS

From the Chambers Europe guide

Clients note that Stefan Brunnschweiler "understands the clients' needs and his approach to problems is very pragmatic and practical," while another reports that he has a "very good management of transactions and good communication." He advised Dover on its cross-border USD120 million sale of Tipper Tie to JBT Corporation.

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Band 5

Niederer Kraft Frey

From the Chambers Europe guide

Philipp Candreia supports the the team on local and cross-border mergers and acquisitions and also advises on joint ventures and general corporate matters. He has a particular focus on regulated entities. One client states: "He has broad experience in M&A deals and you can rely on him."

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Band 5

Vischer

From the Chambers Europe guide

Clients praise Benedict Christ for his diligence and "practical approach to resolving difficult issues with the other side." His practice comprises M&A and general corporate advice, including transactions in the real estate sector. He assisted Bâloise Holding with its CHF288 million acquisition of a majority stake in Pax Anlage and public tender offer.

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Band 5

Vischer

From the Chambers Europe guide

Felix Egli is particularly active in the private M&A area, where he advises on cross-border transactions. He also boasts experience of public takeover deals and recently assisted Astorg Partners with the Swiss aspects of its acquisition of a majority stake in AutoForm.

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Band 5

Lenz & Staehelin

From the Chambers Europe guide

Stephan Erni has particular expertise in handling share purchase and asset agreements for clients from a range of sectors, including finance, hospitality and real estate. One peer describes him as a "knowledgeable and pragmatic lawyer to work with."

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Band 5

Alexander Fischer

Baker McKenzie

From the Chambers Europe guide

Highlighted by clients for his "pragmatic approach and an outstanding business sense," Alexander Fischer garners further appreciation for having the "sensitivity to resolve difficult situations under high pressure." He regularly handles both domestic and cross-border matters, including acquisitions and joint ventures.

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Band 5

Lenz & Staehelin

From the Chambers Europe guide

Tino Gaberthüel is praised for being "very concise" and "very good" at assisting with M&A and joint venture issues. He represented FIBI Bank in an agreement with CBH Bank regarding the sale and transfer of FIBI's banking relationships and clients' assets. He also acts for TMT clients.

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Band 5

GHR Rechtsanwälte AG

From the Chambers Europe guide

Marc Grüninger heads GHR Rechtsanwälte AG's corporate/M&A practice and is described as "very responsive."  He assisted Swisspower Energy with the sale and transfer of its electricity purchasing and energy logistics services to EBM. He has further experience advising on compliance and shareholder relations, as well as representing clients in corporate takeovers, mergers and restructurings.

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Band 5

Bär & Karrer AG

From the Chambers Europe guide

Mariel Hoch advised TripAdvisor on its acquisition of HouseTrip and has further experience acting on cross-border M&A matters for clients from the healthcare, real estate, technology and hospitality sectors. She also assists with public M&A.

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Band 5

Walder Wyss Ltd

From the Chambers Europe guide

Alex Nikitine's practice features M&A, public tender offers and corporate governance matters, with a particular focus on banking, pharma and e-commerce clients. He represented majority shareholders Pax Holding and Pax, Schweizerische Lebensversicherungs-Gesellschaft in Bâloise Life's USD288 million acquisition of a majority stake in Pax Anlage.

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Band 5

Eversheds Sutherland

From the Chambers Europe guide

Marc Nufer has advised Monsanto on a multi-jurisdictional reorganisation, including aspects based in the USA, the Netherlands and Luxembourg, a cross-border merger and setting up an intermediary holding company. He has further experience assisting with sale and leaseback matters, as well as auction processes for domestic and international clients in the real estate and agriculture sectors.

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Band 5

Kellerhals Carrard

From the Chambers Europe guide

Ines Pöschel moves up the rankings in recognition of her track record and market presence. She is noted for her "very good and pragmatic" performance in M&A transactions and also assists with corporate governance and proxy advisory matters.

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Band 5

Meyerlustenberger Lachenal Ltd. (MLL)

From the Chambers Europe guide

"Good negotiator" Andrea Sieber advised Allegis on its acquisition of The Stamford Group, including due diligence and the negotiation of the share purchase agreement. One interviewee underlines that she is "critical, solution-oriented, engaged and has quick reaction times." She assists with a range of M&A and private equity transactions.

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Band 5

Christian Stambach

Bratschi AG

From the Chambers Europe guide

One client describes Christian Stambach as a "strongly-committed and solution-minded" lawyer with a "great understanding of business needs." He provides assistance with M&A transactions and general corporate issues, including corporate governance and compliance. He has been especially active in transactions in the banking sector.

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Band 5

Walder Wyss Ltd.

From the Chambers Europe guide

Patrick Vogel is a visible figure in the Swiss M&A market. He has experience of domestic and international transactions and also handles general corporate matters, including business reorganisations. He acted as Swiss counsel to J. Safra Sarasin Holding on its purchase of shares in Credit Suisse (Monaco) and Credit Suisse (Gibraltar).

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Band 5

Wenger & Vieli Ltd.

From the Chambers Europe guide

Christian Wenger has an established presence in the sector and routinely advises on cross-border issues for clients in the financial sector. Market observers note that he continues to be "very firmly in the corporate and M&A world."

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Up and Coming

id est avocats sarl

From the Chambers Europe guide

According to one satisfied client, Juliette Ancelle of id est avocats sarl has "a very hands-on approach and has always proven to be available when needed."  She advises clients on general corporate and commercial matters and also has transactional experience.

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Up and Coming

Wenger & Vieli Ltd.

From the Chambers Europe guide

Pascal Honold assisted with Adval Tech's CHF145 million cross-border sale of its mould making business. He has further experience acting on matters for private equity funds, as well as on venture capital issues.

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Up and Coming

FBT Attorneys at Law

From the Chambers Europe guide

One client values that Marco Villa of FBT Attorneys at Law "listens closely, is fast, effective, clear in his propositions, very accessible and available." Another states: "The documents he produces and the advice he gives are always of great quality." He has experience of assisting with investment projects and acquisitions for clients across a range of sectors including pharmaceuticals, real estate and hospitality. He has further expertise in representing banks.

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