Homburger advised Gilde Buy Out Partners in the indirect acquisition of TAS
On October 21, 2021, TAS S.p.A., a leading technology company listed on the Milan Stock Exchange, announced that two funds managed by Gilde Buy Out Partners, a leading European private equity investor in mid-market transactions, will indirectly acquire 73.2% of the share capital of TAS. Upon closing of the transaction, which is subject to certain conditions precedent, the acquirer will launch a mandatory tender offer under Italian law for the acquisition of all remaining shares in TAS. Based on the price of such mandatory tender offer, the value of the present acquisition amounts to approx. EUR 135 m.
Homburger acted as Swiss counsel to Gilde Buy Out Partners. The Homburger team was led by senior partner Daniel Daeniker and comprised associates Marc Schamaun and Kevin Hubacher and junior associate Joel Schmidt (Corporate / M&A), partner Gregor Bühler and associate Gabriel Kasper (IP / IT), associates Giulia Menegon and Simone Schürch (Employment and Executive Compensation).