Corporate / M&A

Technology and Digital Economy

Financing and Investment Products

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On May 17, 2023, the Berlin-based insurtech wefox announced that it has secured a EUR 50 m revolving credit facility arranged by J.P. Morgan Securities plc and Barclays Bank PLC, following a USD 55 m second close in its Series D that was completed earlier this year at a USD 4.5 bn valuation with investments from existing and new investors, including Squarepoint Capital.
The new funding is earmarked to further strengthen wefox&#8217;s insurance and distribution business, which includes the recent launch of a global affinity business, and developing the technology platform.
Homburger AG advised wefox Holding AG as transaction counsel in the Series D extension funding round and as Swiss counsel in connection with the UK law-governed EUR 50 m revolving credit facility agreement. The Homburger team comprised Andreas Müller, Stefan Blunschi, Oriana Schöni and Fabio Anceschi (all Corporate / M&amp;A; Technology and Digital Economy), Jürg Frick and Nathalie Scherrer (both Financing and Investment Products), and Stefan Oesterhelt and Laetitia Fracheboud (both Tax).

Homburger advised wefox in connection with a EUR 50 m revolving credit facility agreement and its USD 55 m Series D extension funding round

Homburger

Homburger acted as counsel to Zürcher Kantonalbank as mandated lead arranger, agent, security agent and original lender as well as Credit Suisse (Switzerland) Ltd. and Migros Bank AG as mandated lead arrangers and original lenders in connection with the financing of the acquisition of Norline AG by private equity firm Argos Wityu. Norline AG is a leading provider of outsourcing services in the heating, ventilation, air conditioning and plumbing sector in Switzerland.
Homburger AG acted as counsel to Zürcher Kantonalbank, Credit Suisse (Switzerland) Ltd. and Migros Bank AG with regard to all Swiss legal aspects of the financing transaction.
The Homburger team was led by partner Jürg Frick (Financing and Investment Products) and included associates Stefan Bindschedler und Nathalie Scherrer (both Financing and Investment Products). Tax advice was rendered by partner Stefan Oesterhelt (Tax).

Homburger advised a syndicate of banks in connection with the financing of the acquisition of Norline AG

Citi

On February 14, 2023 Canacol Energy Ltd. entered into a USD 200 m revolving credit and guaranty agreement with Citigroup Global Markets Inc., Deutsche Bank AG and JPMorgan Chase Bank, N.A. as joint lead arrangers and joint bookrunners.
Homburger AG acted as counsel to Citigroup Global Markets Inc., Deutsche Bank AG and JPMorgan Chase Bank, N.A. with regard to all Swiss legal aspects of the financing transaction. The Homburger team was led by partner Jürg Frick (Financing and Investment Products) and included associate Nathalie Scherrer (Financing and Investment Products). Tax advice was rendered by partner Stefan Oesterhelt (Tax).

Nathalie
Scherrer

Homburger advised wefox in connection with a EUR 50 m revolving credit facility agreement and its USD 55 m Series D extension funding round

Homburger advised a syndicate of banks in connection with the financing of the acquisition of Norline AG

Homburger advised Citigroup Global Markets Inc. in connection with a revolving credit and guaranty agreement

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Nathalie Scherrer

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NathalieScherrer

Homburger advised wefox in connection with a EUR 50 m revolving credit facility agreement and its USD 55 m Series D extension funding round

Homburger advised a syndicate of banks in connection with the financing of the acquisition of Norline AG

Homburger advised Citigroup Global Markets Inc. in connection with a revolving credit and guaranty agreement

Join the Team

Nathalie Scherrer

Career

Languages

Bar Registration

Teams

Nathalie
Scherrer