Advestra advises UBS on Rieter Holding's rights offering

Rieter Holding has successfully completed a capital increase with gross proceeds of approximately CHF 400 million. The transaction consisted of a rights offering and a placement of shares for which subscription rights were not exercised. The proceeds are intended to finance the acquisition of the Barmag division from OC Oerlikon announced in May, together with a private placement to Rieter’s two largest shareholders and a bank financing. UBS acted as Sole Global Coordinator.

Advestra acted as legal counsel to UBS. The team consisted of Sandro Fehlmann, Thomas Reutter, Valérie Bayard, Mariëlle van Nimwegen, Silvan Biedermann, Milan Schéda and Jill Iten (all Capital Markets) as well as Céline Martin and Ridvan Jetishi (Tax).