Leoni AG sells Leoni Schweiz AG to consortium of buyers led by Bruno Fankhauser and Helvetica Capital AG
Niederer Kraft Frey advised former Leoni AG board member and LEONI Studer AG CEO Bruno Fankhauser regarding the acquisition of Leoni Schweiz AG from Leoni AG by a consortium of buyers led by Bruno Fankhauser and Helvetica Capital AG. The sale of Leoni Schweiz AG forms part of Leoni AG’s wider effort to divest parts of its Wire & Cable Solutions (WCS) division in order to focus on the wiring systems business. A share purchase agreement has been signed and the transaction is expected to be completed before the end of March 2021.
Leoni AG is a wire, cable and harnessing manufacturing firm based in Nuremberg, Germany with a global footprint and revenues in excess of EUR 5 billion in 2019. Leoni Schweiz AG is the holding company of Leoni Studer AG, a specialist in high-quality cables and wires for complex applications in the industrial and infrastructure sectors.
The NKF team was led by M&A/Finance partner Adrian Koller, working with partner Till Spillmann, senior associate Andrea Giger, junior associate Selim Lötscher (all M&A/Finance) as well as partner Markus Kronauer and senior associate Sven Kälin (both Tax).