Bär & Karrer Advises Lonza on the Rights Offering
On 12 May 2017, Lonza Group completed a capital increase by way of a rights offering raising gross proceeds of approximately CHF 2.25 billion. The proceeds will be used to partially finance the acquisition of Capsugel. The rights offering has been fully underwritten by a banking syndicate led by UBS AG and BofA Merrill Lynch acting as Joint Global Coordinators and Joint Bookrunners. Citigroup, Credit Suisse, Goldman Sachs International and J.P. Morgan acted as Joint Bookrunners.
Bär & Karrer acted as legal advisor to Lonza. The team included Thomas Reutter, Annette Weber, Daniel Raun and Matthias Haberstig (all Capital Markets and Corporate) as well as Susanne Schreiber and Cyrill Diefenbacher (both Tax).