NKF acted as transaction counsel in connection with the 3.5% CHF 218,490,000 MCS offering by HOCHDORF

Niederer Kraft Frey acted as transaction counsel in connection with the CHF 218,490,000 offering of mandatory convertible securities (MCS) due 2020 by HOCHDORF Holding AG (HOCHDORF). The securities are convertible into shares of HOCHDORF and a portion of the offering was reserved for the partial financial of the 51% stake in the Pharmalys Group, which HOCHDORF acquired in 2016. Neue Helvetische Bank AG acted as lead manager. The securities will be SIX listed.

HOCHDORF is a leading Swiss food production company headquartered in Hochdorf near Lucerne. The group is one of the Swiss market leaders in developing, producing and marketing wholesome foodstuffs and ingredients from milk and cereals.

The NKF team consisted of Thomas M. Brönnimann (partner) and Christina Del Vecchio (senior associate).