R&S Group enters into Business Combination Agreement with VT5

Niederer Kraft Frey advised R&S Group, a leading provider of electrical infrastructure components in Switzerland and international markets, and CGS Management AG on the entry into a Business Combination Agreement with VT5 Acquisition Company AG, the SIX-listed SPAC. The parties have agreed to combine their businesses at a purchase price of CHF 274 million and thereby take R&S Group public in Switzerland. The transaction is expected to be completed by mid-December 2023.

The NKF team comprised partners Philippe Weber, Thomas Brönnimann, Deirdre Ní Annracháin (all M&A / Capital Markets) and Lukas Beeler, senior associates Livia Keller and Samuel Hochstrasser, associates Anna Mentzer and Thiago Claro Freixo, and junior associate Peter-Conradin Schreiber.