Deutsche Bank and Goldman Sachs successfully place 10% stake in SGS SA

Deutsche Bank and Goldman Sachs successfully placed shares in SGS SA worth approx. CHF 1bn (approx. a 10% stake) sold by the von Finck family which thereby reduced its stake to approx. 15%. The placement was made after a one-day accelerated bookbuild. It represents one of the largest secondary share placements in Switzerland of the current year.

Lenz & Staehelin advised Deutsche Bank and Goldman Sachs in this transaction. The L&S team included partners Matthias Wolf and Patrick Schleiffer and associate Damian Fischer. Heini Rüdisühli provided tax advice.