Newsletter 1/2018

SMC Corporate Finance New Year’s Newsletter 2018

Dear business partners and friends

The start of a new year is always an exciting time in our M&A business, a time to review some recent highlights and to look forward to the promises of the new year. SMC will also soon enter its 5th year in business and is looking forward to a thriving mergers and acquisitions market in 2018.

Allow us to update you briefly on selected transactions performed since our last newsletter, which significantly contribute to our track record. The team completed four transactions, thereof three succession-related Management Buy-out & Buy-in transactions with Private Equity funds as investors. Furthermore, we were able to expand our international network with a French partner.

COMPLETED TRANSACTIONS SINCE JULY 2017

SELECTED TRANSACTION SUMMARIES

    First Swiss corporate Green Bond issue

SMC has supported Helvetia Environnement Groupe SA, the leading generalist player for waste collection and recycling in Switzerland, in its inaugural bond issue structured as a Green Bond. The CHF 75 million issue with a coupon of 3.625% was very well received in the market, with both significant oversubscription and favorable post-launch trading. SMC led the issuer team workstreams for this bond placement, with Credit Suisse and BNP Paribas being the placing banks. SMC strongly believes that debt capital markets (bond or Schuldschein markets), and in particular green bonds, are currently a highly attractive financing alternative not only for large caps but also for privately held Swiss mid-cap companies looking for funding volumes of CHF 50 million or more.

 

 Desperado MBI by Ufenau Capital Partners 

 

SMC originated and advised on the Management Buy-in of Desperado, the leading Mexican fast casual dining and bar operator in Switzerland. The company runs 12 restaurants and bars at high frequency locations, such as city centers, shopping malls and cinemas and focuses on life-style oriented guests between the age of 18 and 40. SMC teamed up with the buy-in management consisting of Ueli Santschi, a former CEO of Molino-Group and proven expert in the Swiss gastronomy market and Georg Medricky, a highly experienced specialiced in the field of location development and real estate, and Ufenau Capital Partners, a mid-market Private Equity firm specialized in succession-related situations, which acquired the majority stake in Desperado.

    Mansartis – new international network partner in Paris, France

Last December we concluded a strategic partnership with Mansartis, an independent, family-owned firm with proven expertise in Asset Management, Family Office and Mergers & Acquisitions for nearly 35 years. Mansartis’ M&A team is composed of seven professionals with extensive transaction track record and is focused on a small and medium-sized, entrepreneur-driven client base. This new partnership strengthens SMC to originate and support transactions with a French angle. Mansartis complements SMC’s existing international network partners in Germany, Luxemburg, Russia, Brazil and Argentina.

We wish you every success in 2018 and look forward to hearing soon from you.

Best regards

Robin R. Richiger
Marcel J. Goetsch

Olivier Kobel

Thierry de Sépibus