Advestra advises on the placement of shares of SIG Group AG
SIG Group successfully placed newly issued shares raising gross proceeds of approximately CHF 213 million by way of an accelerated bookbuilding through the placement of 11 million new shares at a price of CHF 19.40 per new share. SIG intends to use the net proceeds from the capital increase to fund, in part, the acquisitions of Scholle IPN and Evergreen Asia, which were announced on 1 February 2022 and 5 January 2022, respectively. UBS and Goldman Sachs were acting as Joint Global Coordinators and Octavian as Selling Agent in the context of the share placement.
Advestra acted as legal counsel to SIG Group. The team included Sandro Fehlmann, Thomas Reutter, Annina Hammer and Levy Corba (all Capital Markets).