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Lonza has announced that it will acquire Capsugel from KKR for $5.5bn to create a leading integrated solutions provider to the global pharma and consumer healthcare industries.
The transaction includes the refinancing of an existing Capsugel debt of $2bn and will be financed with loan facilities arranged by BofA Merrill Lynch and UBS.
Lonza intends to partly refinance the acquisition by raising equity in the amount of up to CHF3.3bn, which is already fully underwritten.
Bär & Karrer acted as Swiss legal adviser to Lonza, concentrating on the financing aspects. The team included Rolf Watter and Nadina Duss (corporate / M&A), Thomas Reutter, Annette Weber and Daniel Heiniger (capital markets), Ralph Malacrida and Micha Schilling (financing) as well as Mani Reinert (competition law).
The post Bär & Karrer acts for Lonza on Capsugel buy appeared first on The Lawyer | Legal News and Jobs | Advancing the business of law.
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