BPV Huegel and Lenz & Staehelin have advised Raiffeisen Informatik on the sale of the remaining shares in SoftwareONE Holding in an accelerated book-building process. Citigroup, Credit Suisse, J.P. Morgan and UBS acted as joint bookrunners for the placement.
According to BPV Huegel, “Raiffeisen Informatik sold the remaining 4,402,835 shares, corresponding to approximately 2.78% of the share capital of SoftwareONE, at a price of CHF 25.25 per share, for the total proceeds of approximately CHF 111 million. The shares were successfully placed at a price very close to the daily closing price of CHF 25.85, thus with a discount of only about 2.3%.”
SoftwareONE, headquartered in Switzerland, is a provider of end-to-end software and cloud technology solutions. With approximately 5,800 employees and sales and service capacities in 90 countries, SoftwareONE offers software and cloud solutions from more than 7,500 publishers to approximately 65,000 business customers. The shares of SoftwareONE (SWON) are listed on the SIX Swiss Exchange.
This case marks the exit of Raiffeisen Informatik from SoftwareOne, after a previous sale of shares in June of this year (as reported by CEE Legal Matters on July 2, 2020).
BPV Huegel’s team included Partners Thomas Lettau and Christoph Nauer and Attorney-at-Law Roland Juill.
Lenz & Staehelin team included Partner Patrick Schleiffer and Associate Patrick Scharli.