Advestra advises Goldman Sachs, UBS and BofA Securities in a combined offering of shares and guaranteed convertible bonds of Zur Rose Group

Zur Rose Group suc­cess­fully placed newly issued shares rais­ing gross pro­ceeds of approx­im­ately CHF 44 mil­lion and CHF 95 mil­lion guar­an­teed seni­or unse­cured con­vert­ible bonds. The bonds were alloc­ated to investors in a book­build­ing, sub­ject to claw-back by exist­ing share­hold­ers who were gran­ted the right to exer­cise their advance sub­scrip­tion rights. The con­vert­ible bonds were issued by a sub­si­di­ary of Zur Rose Group and are con­vert­ible into shares of Zur Rose Group, which guar­an­tees the bonds.

Advestra acted as leg­al coun­sel to Gold­man Sachs, UBS and BofA Secur­it­ies. The team included Annette Weber, Thomas Reut­ter, Alex­an­der Fisch, Fabi­an Wild and Levy Corba (all Cap­it­al Mar­kets) as well as Céline Mar­tin (Tax).