Bär & Karrer wins 2011 M&A Advisor Turnaround Award
Bär & Karrer is a winner of a 2011 M&A Advisor Turnaround Award for its OC Oerlikon restructuring. The transaction won the award Out-of-Court Reorganization of the Year selected out of an international field of finalists.
In one of the most prominent restructurings in recent Swiss history, OC Oerlikon Corporation (a listed Swiss industry conglomerate with operations all over the world) reached agreement with its largest shareholder Renova, the lenders of the CHF 2.5 billion syndicated loan facilities, and various hedge-funds and other creditors on a comprehensive financial restructuring. The transaction was successfully closed in June 2010.
Bär & Karrer acted as Swiss legal advisor and Latham & Watkins as international counsel for Renova. The Bär & Karrer team included Ralph Malacrida and Till Spillmann.
The M&A Advisor has been a preeminent organization facilitating connections and recognizing achievement in top performers of the M&A, turnaround and financing industries since 1998.