Advestra advises on the first Swiss SPAC IPO
The first Swiss SPAC, VT5 Acquisition Company AG, successfully priced its initial public offering. The listing of the Class A Shares and Redeemable Warrants on the SIX Swiss Exchange is expected for 15 December 2021. The deal was oversubscribed, with a total amount of capital raised of approx. CHF 200 million. VT5 plans an acquisition of one or (if at the same time) more operating companies or businesses within 24 months of the listing.
Credit Suisse and UBS act as Joint Global Coordinators in this transaction.
Advestra acts as legal counsel to Credit Suisse and UBS. The team included Thomas Reutter, Alexander von Jeinsen, Annette Weber, Anna Capaul, Roland Truffer and Annina Hammer (all Capital Markets) and Peter Riedweg and Markus Mühlemann (Tax).