Corporate / M&A

Regulatory

Financial Market Regulation

Employment and Executive Compensation

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Homburger News

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On June 29, 2023, GAM Holding AG announced the sale of its third party fund services («FMS Businesses») in Luxembourg and Switzerland to Carne Group («the Transactions»).
The purchase price is EUR 2.25 m for the Luxembourg business and CHF 0.5 m for the Swiss business, subject to adjustments based on revenue performance at closing.
The transactions are expected to close in the fourth quarter of 2023. The announcement of the sale is a material step towards fulfilling a condition of the exchange offer by Liontrust Asset Management PLC («Liontrust») for all publicly held shares of GAM, on which Homburger also advised.
Homburger AG advised on all aspects of Swiss law relating to the Swiss part of the deal. The Homburger team was led by Claude Lambert (Corporate / M&amp;A) and included Stefan Kramer (Regulatory, Financial Market Regulation and Financial Services) and Gregor Bühler (Employment), as well as Stefan Luginbühl, Isabelle Cordey (all Corporate / M&amp;A), Alexander Wherlock and Sarah Fasel (both Regulatory and Financial Market Regulation).

Homburger advised GAM on the carve-out of its third party fund management services

IP / IT

Financing and Investment Products

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As part of a strategic reorganization, the American cotton manufacturer U.S. Cotton, LLC, has sold the Flawil-based producer of absorbent cotton and other products, FLAWA Consumer GmbH, to members of its management.
Homburger advised U.S. Cotton on this transaction, with Claude Lambert as senior relationship partner. The Homburger team was led by Daniel Häusermann (Corporate / M&amp;A) and comprised Gregor Bühler (Employment), Luca Dal Molin (IP / IT), Peter Müller (Tax), Patrick Schmidt, Oliver Dalla Palma, Aron Belegu and Erik Habich (all Corporate / M&amp;A), as well as Simone Gloor (Financing and Investment Products).

Homburger advises U.S. Cotton on the sale of FLAWA Consumer GmbH in a management buy-out

Competition

On May 4, 2023, GAM Holding AG (GAM) announced that it had entered into an agreement with Liontrust Asset Management plc (Liontrust) relating to the launch by Liontrust of a public exchange offer for all publicly held shares in GAM. As further set out in the pre-announcement by Liontrust dated May 4, 2023, Liontrust expects to launch the exchange offer on or about June 9, 2023 and to offer approximately 0.0589 Liontrust shares per GAM share, corresponding to an aggregate approximately 9.4 m Liontrust shares in exchange for all GAM shares. The offer is subject to the approval by Liontrust shareholders expected for July 7, 2023, on occasion of a Liontrust shareholders&#8217; meeting and, once launched, will be subject to a minimum acceptance ratio of 66⅔%. Completion is subject to customary regulatory approvals.
Following a strategic review of GAM on which Homburger AG advised on all aspects of Swiss law, Homburger AG advises GAM on the transaction. The Homburger team is led by Claude Lambert (Corporate / M&amp;A) and includes Lorenzo Togni (Corporate / M&amp;A), Stefan Kramer (Regulatory and Financial Market Regulation) and Richard Stäuber (Competition) as well as Micha Fankhauser, Stefan Luginbühl, Anna Peter, Margrit Marti, Olivier Bühlmann, Simone Schmid, Timo Hasler, Patrick Schmidt, Isabelle Cordey and Florian Gasche (all Corporate / M&amp;A), Alexander Wherlock and Sarah Fasel (both Regulatory and Financial Market Regulation).

Homburger advises GAM on the expected public exchange offer from Liontrust for all shares in GAM

He is experienced in a broad range of transactions, including trade sales, tender offers, IPOs, rights offerings and financings. In addition, he advises clients regarding corporate matters, including shareholders&#8217; meetings, corporate governance and compliance matters, as well as share participation plans. Claude Lambert is a lecturer in commercial and corporate law at the University of Zurich. He is the hiring partner at Homburger.

Claude
Lambert

Homburger advised GAM on the carve-out of its third party fund management services

Homburger advises U.S. Cotton on the sale of FLAWA Consumer GmbH in a management buy-out

Homburger advises GAM on the expected public exchange offer from Liontrust for all shares in GAM

Private M&A 2024: Switzerland

Corporate governance and directors' duties in Switzerland: overview 2022 / 2023

Private M&A 2023: Switzerland

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Homburger advised GAM on the carve-out of its third party fund management services

Homburger advises U.S. Cotton on the sale of FLAWA Consumer GmbH in a management buy-out

Homburger advises GAM on the expected public exchange offer from Liontrust for all shares in GAM

Private M&A 2024: Switzerland

Corporate governance and directors' duties in Switzerland: overview 2022 / 2023

Private M&A 2023: Switzerland

Join the Team

Claude Lambert

Career

Languages

Bar Registration

Teams

Claude
Lambert