08 April 2020 I Deals and Cases

Bär & Karrer Advised the Banking Syndicate on the Acquisition Financing of ams for Osram

On 3 April 2020, ams AG completed a capital increase by way of a rights offering raising gross proceeds of approximately CHF 1.75 billion. The proceeds will be used to partially finance the acquisition of OSRAM Licht AG. The banking syndicate was led by HSBC and UBS acting as joint global coordinators.

In addition, ams entered into a bridge facility agreement for the purpose of securing the financing of the acquisition and placed its treasury shares by way of a private placement.

Bär & Karrer acted as Swiss legal counsel to the banking syndicate in these transactions. The team included Thomas U. Reutter, Annette Weber, Alexander von Jeinsen and Rebecca Schori (all Capital Markets), Dieter Dubs (Corporate) as well as Christoph Suter and David Weimann (both Tax).