Mobile Successfully Completes CHF 200 Million Rights Offering
On 8 December 2011, Mobimo Holding AG (Mobimo), one of the leading real estate companies in Switzerland, successfully completed a CHF 200 million capital increase by way of a rights offering to its shareholders. The net proceeds of the rights offering will be used to finance Mobimo's further real estate development projects and to expand its real estate portfolio. The syndicate of banks comprised Bank Vontobel AG and Zürcher Kantonalbank acting as Joint Lead Managers and Reichmuth & Co and Kempen & Co N.V. acting as Co-Managers.
Bär & Karrer acted as transaction counsel to both the Joint Lead Managers and Mobimo. The team was led by Ralph Malacrida and Till Spillmann and comprised Daniel Heiniger, Michael Burkhardt and Michael Eitle.