28 November 2019 I Deals and Cases

Bär & Karrer Advised Jacobs Holding on the Placement of Barry Callebaut Shares

Jacobs Holding AG successfully placed 550,000 shares (approx. 10%) in Barry Callebaut AG by way of an accelerated bookbuilding process and a simultaneous private placement. Jacobs Holding thus diversified its portfolio while remaining Barry Callebaut's reference shareholder with a stake of approximately 40%. Jacobs Holding is an investment company founded by entrepreneur Klaus J. Jacobs. The only economic beneficiary of Jacobs Holding is the Jacobs Foundation, one of the world's leading charitable foundations for the promotion of development opportunities for children and young people.

Bär & Karrer acted as legal advisor to Jacobs Holding on all aspects of the transaction. The team included Rolf Watter, Urs Kägi, Roland Truffer, Alexander von Jeinsen and Nadina Duss (all Capital Markets and Corporate/M&A), Susanne Schreiber and Markus Mühlemann (Tax) as well as Mani Reinert and Tobias Rebmann (Competition).