27 February 2023 I Deals and Cases

Bär & Karrer Advised Cavotec on its Directed Share Issue

Cavotec SA successfully placed 12,452,830 shares at a subscription price of SEK 13.25 per share, entailing raising proceeds of approximately SEK 165 million. The subscription price was determined through an accelerated book building process. The proceeds of the placement will be used to increase financial flexibility to support the company to execute on its strong order book, growth plans and in addition strengthen the Company’s financial position by reducing net debt. Skandinaviska Enskilda Banken AB acted as the sole bookrunner. The capital increase is subject to approval by an extraordinary general meeting of Cavotec.

Bär & Karrer acted as Swiss legal counsel to Cavotec. The team was led by Massimo Vanotti (Corporate) and Urs Kägi (Capital Markets & Listed Companies) and included Shu Zhang (Capital Markets & Listed Companies), Matthias Bizzarro (Tax) and Rocco Rigozzi (Corporate).