Deals & Cases

Tracker buys stake in Cobra Service Network

On June 30, 2010, Tracker Investment Holdings (Pty) Limited (a South African company) subscribed 7’525’000 newly issued shares of Cobra Service Network SA, a wholly owned subsidiary of the Italian listed company Cobra Automotive Technologies SpA, for an aggregate subscription price of CHF 24’385’080. As a result, Tracker now owns 20% of the shares of Cobra Service Network SA. Both Tracker and Cobra are active in the field of security for the automotive industry.

Lenz & Staehelin advised Tracker in this transaction. The team included Hans-Jakob Diem, Luca Bozzo (both Corporate) and Dirk Spacek (Intellectual Property).