NewGAMe launches partial tender offer on GAM

On July 18, 2023, NewGAMe SA announced the launch of its partial cash tender offer for up to 28,000,000 shares of SIX-listed GAM Holding AG.

NewGAMe SA is part of the NewGAMe-Bruellan investor group that holds a substantial stake in GAM. NewGAMe is majority held by Rock Investment, a company controlled by Mr. Xavier Niel. The investor group has also requested that an extraordinary general meeting of shareholders be convened to appoint a new slate of board members to lead GAM's turnaround.

Lenz & Staehelin advises NewGAMe SA on its tender offer and continues to advise the investor group on its shareholding in GAM.