UBS and Zürcher Kantonalbank arrange CHF 202m rights offering of Feintool International Holding AG

Niederer Kraft Frey advised UBS as sole global coordinator and bookrunner and ZKB as bookrunner in Feintool’s successful capital increase by way of a rights offering launched on 28 April 2022, in which Feintool shareholders were allocated subscription rights in proportion to their shareholdings in Feintool. Shares not taken up in the rights offering were subsequently sold to investors in a share placement. Feintool has issued 9,829,684 registered shares with a par value of CHF 10.00 each leading to gross proceeds in an amount of approximately CHF 202 million. The proceeds raised from the capital increase will be used to repay the bridge financing for the acquisition of Kienle + Spiess, to finance growth investments and for general corporate purposes. The newly issued registered shares are listed and traded on SIX Swiss Exchange.

The NKF team was co-led by partners Philip Spoerlé and Till Spillmann, working with partner Andrea Giger, associates Benedikt Hadorn and Julia Tolstova (all Capital Markets) as well as partner Markus Kronauer and associate Derya Özdogan (both Tax).