Medacta Group SA launches IPO
Niederer Kraft Frey advised Medacta Group SA in connection with its initial public offering that launched today. The offering consists of up to 5,700,000 shares with an over-allotment option of up to 855,000 shares, all of which are offered by members of the Siccardi family. The price range for the offered shares has been set at CHF 88 to CHF 104 per share, implying an offer size of up to CHF 593 million for the base offering and a total market capitalization of up to CHF 2.1 billion.
Medacta is an international orthopaedics company specialising in the design and production of innovative orthopaedic products and the development of accompanying surgical techniques. Medacta is headquartered in Castel San Pietro, Switzerland and employs approximately 970 people. In 2018, Medacta achieved revenues of EUR 273 million.
The NKF team was led by partner Philippe Weber, working with partner Thomas Brönnimann, counsel Christina Del Vecchio, senior associate Deirdre Ní Annracháin, associate Paolo Bollini and junior associate Isilay Dagdelen (all Capital Markets).