Bär & Karrer Advised SIX Swiss Exchange Listed Perfect Holding on its Reverse Takeover (RTO) Transaction with Kinarus
On 3 June 2022, Perfect Holding SA (Perfect Holding) announced the successful completion of its reverse takeover (RTO) transaction with Kinarus AG. The SIX Swiss Exchange listed Perfect Holding has acquired more than 95% of the shares of Kinarus, a privately owned clinical-stage biopharmaceutical company engaged in the development of novel therapeutics for the treatment of viral, respiratory and ophthalmic diseases by way of a share exchange. The new shares of Perfect Holding issued to the Kinarus shareholders in exchange for their Kinarus shares have been admitted for listing and trading on the SIX Swiss Exchange as from 3 June 2022. The RTO process will be completed in the following days with a change of the company's name from Perfect Holding into Kinarus Therapeutics Holding AG and a move of its seat from Lausanne to Basel.
Bär & Karrer acted as legal advisor to Perfect Holding SA on all legal aspects of the RTO transaction. The team was led by Martin Anderson (M&A / Capital Markets) and included Vera Waldburger (M&A), Dieter Dubs, Urs Kägi and Rebecca Schori (all Capital Markets & Listed Companies) as well as Christoph Suter (Tax).