Deals & Cases

Deals & Cases

June 2011

Indirect IPO of Swiss-based Exceet Group through acquisition by Frankfurt listed SPAC Helikos SE

Lenz & Staehelin acted as Swiss co-counsel for Swiss-based Exceet Group, one of the leading providers of embedded electronics and security solutions in Europe with production facilities in Switzerland, Austria, the Czech Republic, Germany and the Netherlands, in its indirect IPO through the acquisition by Helikos SE, a special purpose acquisition company (SPAC) incorporated in Luxembourg and listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. Following completion of the transaction, the current majority shareholder of Exceet Group, private equity investor Ventizz, and certain members of the Exceet Group management will become shareholders of Helikos which will change its name to exceet Group SE. The acquisition is, inter alia, subject to approval by the shareholders of Helikos. 

Lenz & Staehelin's team included Patrick Schleiffer, Dominik Kaczmarczyk and Urs Reinwald (capital markets and corporate) as well as Pascal Hinny and Stefan Schwaller (tax).

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