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Clarity on Mergers &
Acquisitions

Swiss deal flows hit record high

Clarity in 100 seconds

Talking deal trends with CNN Money

Timo Knak explains how Swiss deals reached a record of almost 500 transactions in 2018, with more than 150 involving Private Equity. Describing this as a healthy sign for the Swiss business landscape, he notes how the focus is on Swiss businesses buying abroad. This very targeted approach to international M&A follows a period of Swiss industry having realigned strategies and refined corporate set-ups.

Timo Knak

Partner, Head of Mergers & Acquisitions
Contact me

Cross-border Deal Flows

Asia became the main source of acquisitions of Swiss businesses in 2018 by deal value. As well as Hitachi’s purchase of ABB’s Power Grids unit, pockets of activity included most of the Swiss Luxury Goods firms sold in 2018 being bought by Asian companies. Deal values with North America also surged, with two large transactions into Switzerland coming from Bermuda.

Europe

21,071

Bidder CH

10,732

Target CH

North America

27,523

Bidder CH

11,451

Target CH

South America

564

Bidder CH

Asia Pacific

3,606

Bidder CH

12,538

Target CH

Middle East

115

Bidder CH

2,564

Target CH
Bidder CH
Target CH
Values in USD million

New record for deal volumes

2018 demonstrated the continued firepower of Swiss industry. The number of outbound deals by Swiss companies was around double the number of inbound transactions. And record deal volumes were seen in a number of industries including Financial Services and Consumer Markets, supported by a peak in Private Equity activity.

Number and value of deals per year

Number of deals and percentage per industry sector 2018

Number of deals
88 Industrial Markets
61 Consumer Markets
46 Pharma & Life Sciences
68 Technology, Media & Telecommunications
62 Financial Services
18 Chemicals
23 Commodities
20 Power & Utilities
107 Other Industries
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How Private Equity strengthens the economy

SECA’s General Secretary Maurice Pedergnana on how Private Equity makes the Swiss national economy stronger, can kick-start a company’s development, and the vital expertise and perspectives it brings to businesses across industry sectors.

SMEs benefit enormously from PE investors’ knowledge and influence.
Maurice Pedergnana, General Secretary, SECA
Portrait of Maurice Pedergnana

We thank all ­ our clients for their trust

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We supported Stripes Group in the acquisition of a minority stake in ON Running with financial and tax due diligence.

January 2018

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We advised Firmenich in their acquisition of Natural Flavors, Inc. with financial and tax due diligence.

January 2018

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We provided Archer Daniels Midland Company (ADM) with Financial and Tax due diligence services on their soybean processing joint venture with Cargill in Egypt.

February 2018

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We advised Brugg Kabel AG as sole financial advisor on the disposal of its Fiber Optics Systems business unit to Solifos AG in a MBO backed by HVD Partners.

March 2018

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We advised Swissport International Ltd in their acquisition of Air Services ANZ Pty Ltd with financial and HR due diligence.

March 2018

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We acted as financial advisor to Precicast Industrial SA in the disposal of the company to GF Automotive, a division of Georg Fischer AG.

April 2018

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We advised Bucherer AG as financial advisor and financial and tax due diligence provider on the acquisition of Tourneau LLC.

April 2018

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We advised Bell Food Group AG in their acquisition of Hügli Holding AG, related to legal, financial, tax, real estate and IT due diligence, SPA, public tender, capital increase by way of a rights offering as well as delisting and cancellation of the remaining shares.

June 2018

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We advised Woodward Inc. in their acquisition of L’ORANGE GmbH with financial and tax due diligence and separation.

June 2018

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We acted as sole M&A lead advisor to the shareholders of ASIC Robotics AG on the sale of the company to Paragon Partners and re-investors.

July 2018

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We advised Assa Abloy in their acquisition of Planet GDZ with financial, tax and pension due diligence.

July 2018

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The KPMG Legal, Tax and Deal Advisory teams in Switzerland and Finland have advised Oras Oy in the acquisition of a majority stake in Amphiro AG.

July 2018

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We advised Sika AG in their acquisition of Polypag with financial and tax due diligence.

July 2018

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We provided financial and tax due diligence services to Union Bancaire Privée in connection with its acquisition of ACPI Investment Ltd, London and ACPI IM Limited in Jersey.

July 2018

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We advised Firmenich in their acquisition of Campus Srl with financial, tax due diligence and SPA support.

August 2018

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We advised Barry Callebaut in their acquisition of Inforum Prom Ltd with financial, tax and HR due diligence, as well as SPA advice and tax structuring services.

September 2018

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We acted as sole M&A lead advisor to the bankruptcy administration of Sempione Fashion AG (in Liquidation) on the disposal of Charles Vögele Austria, Hungary and Slovenia to GA Europe.

September 2018

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We supported Maus Frères on its disposal of Accarda AG to Aduno with financial and tax vendor assistance.

September 2018

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We provided financial and tax due diligence services to Nomura Holdings, Inc. in connection with its acquisition of a 40% stake in Julius Baer Wealth Management Ltd.

September 2018

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We advised Swiss Life International on its acquisition of Fincentrum Group and its subsidiaries with buy-side due diligence and SPA support.

September 2018

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We acted as sole M&A lead advisor to the shareholders of digitalSTROM AG on the merger with ONE Smart Control.

October 2018

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We advised Doğuş Otomotiv Servis Ve Ticaret in the sale of all shares in D-Auto Suisse. Legal and tax services included structuring support and support in drafting and negotiation of transaction documents.

November 2018

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We provided financial, tax and regulatory & legal due diligence services to Banca Generali Spa in connection with its acquisition of Valeur Fiduciaria SA.

December 2018

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We supported Sandoz Inc. in their disposal of its US dermatology business and generic US oral solids portfolio to Aurobindo Pharma Us Inc. with vendor assistance services.

September 2018

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We acted as a restructuring and turnaround advisor for an international fashion retailer. KPMG also supported in the design and implementation of a controlled wind-down of business activities under a debt moratorium procedure (“Nachlassstundung”).

2017 / 2018

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We advised a large industrial conglomerate in an acquisition of a company with low profitability and with multiple legal entities worldwide, identified and quantified the target’s restructuring potential, performed a synergy assessment related to the potential post-merger integration into the group.

2018

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We reviewed strategic options of a loss-making industrial manufacturer, advised and coordinated the elaboration of strategic options, coordinated the turnaround plan preparation, led the PMO activities and advised steering committee and management during the implementation phase.

2018

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We acted as sole M&A lead advisor to Paragon Partners on the sale of KADI AG to Invision and Management.

December 2018

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Timo Knak

Partner, Head of Mergers & Acquisitions, Sector Head Private Equity
Contact me

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Record high levels of M&A show the continued firepower of Swiss industry.
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