20 October 2020. bpv Huegel advised Raiffeisen Informatik on further sale of shares in SoftwareONE Holding AG placed in an accelerated bookbuilding process (ABB). Raiffeisen Informatik sold the remaining 4,402,835 shares, corresponding to approximately 2.78% of the share capital of SoftwareONE, at a price of CHF 25.25 per share, for total proceeds of approximately CHF 111 million. The shares were successfully placed at a price very close to the daily closing price of CHF 25.85, thus with a discount of only about 2.3%.
Upon completion of the transaction Raiffeisen Informatik has now placed all shares in SoftwareONE Holding AG.
SoftwareONE, headquartered in Switzerland, is a leading global provider of end-to-end software and cloud technology solutions. With approximately 5,800 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 all subsequent share placements in May 2020 and June 2020.
In the team of bpv Huegel advising Raiffeisen Informatik for the accelerated bookbuilding process included Thomas Lettau (Partner, Corporate/M&A), Christoph Nauer (Partner, Capital Markets, Corporate/M&A) and Roland Juill (attorney at law, Capital Markets, Corporate/M&A).
Lenz & Staehelin, Zurich, Matthias Wolf (Corporate/M&A), Patrick Schleiffer and Patrick Schärli (both Capital Markets) acted as Swiss counsel of the seller.
Simpson Thacher & Bartlett LLP, London, Nicholas Shaw, advised on US law.
Citigroup, Credit Suisse, J.P. Morgan and UBS acted as Joint Bookrunners for the placement.