Bär & Karrer Advises ALTANA on the Acquisition of a Majority Stake and the Public Tender Offer of Von Roll

On 11 August 2023, ELANTAS LLC, a subsidiary of the specialty chemicals group ALTANA Ltd., Wesel, Germany, entered into a share purchase agreement with the von Finck family and tender agreements with the von Roll management pursuant to which ELANTAS will acquire a total interest of 84.2% of the outstanding shares in Von Roll Holding Ltd., Breitenbach, Switzerland. At the same time, ELANTAS announced a public tender offer for all publicly held shares of Von Roll at the price of CHF 0.86 per share, resulting in a total transaction volume of approximately CHF 301.3 million. The board of directors of Von Roll recommends its shareholders to accept ELANTAS' public tender offer.

Bär & Karrer acts as lead legal advisor of ALTANA in this transaction. The team was co-led by Urs Kägi and Dieter Dubs and included Matthias Tanner, Linus Zweifel, Fabienne Perlini-Frehner, Dominic Leu and Fabian Schlegel (all Corporate/M&A), Susanne Schreiber, Elena Kumashova and Christina Rüdisühli (all Tax), Ruth Bloch-Riemer and Marco Weiss (both Social Security), Laura Widmer and Luljeta Morina (both Employment), Markus Schott and Raphael Wyss (both Regulatory), Jonas Bornhauser and Dario Haux (both IP/IT), Micha Schilling (Finance) as well as Rocco Rigozzi (Real Estate).