Homburger advised Helvetia on the placement of 3.3 m shares

On June 22, 2020, Helvetia Holding AG (Helvetia) successfully completed a private placement of 3.3 m shares newly issued out of its authorized share capital by way of an accelerated bookbuilding process. The shares were placed at CHF 91.00 per share, resulting in gross proceeds of CHF 300 m. The net proceeds from the share placement are used to partly finance the acquisition of a 70% majority interest in the Spanish insurer Caser (Caja de Seguros Reunidos, Compañía de Seguros y Reaseguros S.A.).

Credit Suisse, Deutsche Bank, UBS and Zürcher Kantonalbank acted as Joint Bookrunners in connection with the offering.

Homburger acted as legal counsel to Helvetia. The Homburger team was led by partner Hansjürg Appenzeller (Corporate / M&A and Insurance) and included associates Daniel Kuhn and Mario Wälti (both Corporate / M&A), partner Stefan Oesterhelt (Tax) and associate Andrea Ziswiler (Financing and Investment Products).