Deals & Cases
IPO of SKAN Group AG on SIX Swiss Exchange
On October 27, 2021, SKAN Group AG announced the pricing of its IPO, consisting of 1,731,494 newly issued shares and 2,768,506 existing shares and an over-allotment option of up to 500,000 shares, at CHF 54 per share, implying a total market capitalization of CHF 1.214 billion. SKAN Group AG will receive gross proceeds from the issuance of the new shares in an amount of approx. CHF 93.5 million. The shares will be listed and start trading today on SIX Swiss Exchange (SIX: SKAN). Settlement of the IPO is expected to occur on November 1, 2021
The existing shares were mainly offered by the current majority shareholder Dr. Willy Michel, along with sales by certain other existing shareholders of SKAN Group AG. Credit Suisse and Berenberg are acting as Joint Global Coordinators and Joint Bookrunners, and KPMG as independent financial advisor of SKAN Group AG.
Founded in 1968, SKAN is one of the pioneering companies in the specialist areas of cleanroom equipment and the construction of isolators for the pharmaceutical industry. Innovative products, customer-specific solutions and an efficient service organization made SKAN a market leader and important partner for industry and research laboratories.
Lenz & Staehelin advised SKAN Group AG as issuer's counsel. The team was led by partners Stephan Erni and Patrick Schleiffer and included associates Patrick Schärli, Patrick Sattler and Nicole Humbel and junior associate Nina Beeler (all Capital Markets / Corporate), as well as partner Pascal Hinny and associate Lukas Aebi (both Tax).