22.06.2020

bpv Huegel advised Raiffeisen Informatik on another successful placement of SoftwareONE shares

bpv Huegel advised Raiffeisen Informatik on further sale of shares in SoftwareONE Holding AG placed in an over-night accelerated bookbuilding process (ABB). The shareholders KKR, Raiffeisen Informatik and the heirs of Patrick Winter sold a total of 17,000,000 shares corresponding to approx. 11% of the SoftwareONE share capital, at a price of CHF 22.50 per share for total proceeds of approximately CHF 380 million.

Upon completion of the transaction, the three sellers will hold 5.18%, 2.78% and 2.75% of SoftwareONE Holding AG respectively. As a result of the transaction, the free float of SoftwareONE (excluding shares subject to a lock-up period) is expected to increase to over 55%.

SoftwareONE, headquartered in Switzerland, is a leading global provider of end-to-end software and cloud technology solutions. With approximately 5,400 employees and sales and service capacities in 90 countries, SoftwareONE offers software and cloud solutions from more than 7,500 publishers to approximately 65,000 business customers. The shares of SoftwareONE (SWON) are listed on the SIX Swiss Exchange.

bpv Huegel advised Raiffeisen Informatik as shareholder on the IPO of SoftwareONE Holding AG in November 2019 and on the most recent successful share placement (CHF 350 million) in May 2020.

In the team of bpv Huegel advising Raiffeisen Informatik for the accelerated bookbuilding process were the partners Thomas Lettau (Corporate/M&A), Christoph Nauer (Capital Markets, Corporate/M&A) and attorney at law Roland Juill (Capital Markets, Corporate/M&A).

Lenz & Staehelin, Zurich, Matthias Wolf (Corporate and M&A), Patrick Schleiffer and Patrick Schärli (both Capital Markets) acted as Swiss counsel for the sellers.

Simpson Thacher & Bartlett LLP, London, Nicholas Shaw, advised KKR, and on US law aspects.

The heirs of Patrick Winter were advised by Küng Rechtsanwälte & Notare AG, Manfred Küng.

Credit Suisse AG, J.P. Morgan Securities plc, UBS AG and KKR Capital Markets Partners LLP acted as Joint Bookrunners for the placement.

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