Acquisition of Ditsch/Brezelkönig Group by Valora
On September 24, 2012, Valora Holding AG, the SIX Swiss Exchange-listed consumer goods trading company acquired the Ditsch/Brezelkönig group. The formerly family-owned Ditsch/Brezelkönig group is active in the production and distribution of lye-bread bakery products and has a network of 195 Ditsch points of sale in Germany and 35 Brezelkönig points of sale in Switzerland. Valora Holding will finance the acquisition partially by issuing new shares in the total amount of approx. CHF 100 million and pay the remainder of the purchase price by drawing on a new CHF 450 million syndicated loan facility. Closing of the transaction is expected to occur in the fourth quarter of 2012.
Lenz & Staehelin advises Valora in this transaction on all Swiss law matters. The team includes Rudolf Tschäni, Urs Reinwald, Maja Baumann, Damian Fischer, Marcel Kobel and Phelan Brüderlin (Corporate, M&A), Marcel Tranchet and Nora Wetter (Finance), Pascal Hinny and Stephan Brandner (Tax), Patrick Schleiffer (Capital Markets), Astrid Waser and Nicolas Bonassi (Competition) as well as Katrin Stefanicki (Employmen