SoftwareONE AG secures CHF 1.26bn debt financing

Niederer Kraft Frey acting as lead counsel advised UniCredit Bank GmbH as documentation agent, UBS Switzerland AG as facility agent and the other members of an international banking syndicate on a CHF 1.26 billion financing for SoftwareONE AG.

The credit facilities made available serve the financing needs of the group following the successful acquisition of Crayon Group Holding ASA by SoftwareOne Holding AG. 

SoftwareOne Holding AG (listed on the SIX Swiss Exchange with a secondary listing on the Euronext Oslo Børs) is a leading global software and cloud solutions provider. The acquisition of Crayon Group Holding ASA (which is specialised in software procurement, IT cost management, cloud services, and data and AI solutions) is expected to lead to significant synergies. 

The NKF team was led by M&A/Finance partners Adrian Koller and Philip Spoerlé, working with associate Alexander Züger, junior associate Nina Lötscher (both M&A/Finance) and partner Markus Kronauer (Tax). Wiersholm acted as Norwegian law counsel to the banking syndicate with regards to this transaction, with a team including partners Atle Gabrielsen, Anne Lise Ellingsen Gryte and senior associate Johanna Bergum Mortensen.