Recent Cases
12 July 2010 - ARYZTA AG purchased Fresh Start Bakeries, partially financed through a placement of shares worth USD 140 million.
ARYZTA AG, a public Swiss nutrition company, has signed an agreement to acquire the American Fresh Start Bakeries for a total consideration of USD 900 million. This acquisition closed on 9 July 2010 and is financed through bank facilities, debt and ARYZTA shares. On 18 June, ARYZTA AG has successfully placed 3.3m new shares for approximately USD 120 million through a private offering initiated and arranged by UBS. A further 0.5m new shares were issued to certain Fresh Start Bakeries management members as equity consideration.
Bär & Karrer acted as Swiss legal advisor to ARYZTA AG. The team included Rolf Watter, Katja Roth Pellanda and Ariane Riedi Wirth.