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Whatever your size, a large publicly listed company or a small privately owned business, we can deliver a tailored, commercial, cost effective solution for you, covering areas such as M&A, private equity, equity capital markets, outsourcing, group restructuring and privatisations. Our cross-border teams consist of experts from all practice areas and sectors such as banking, consumer products, energy, infrastructure, insurance, lifesciences, real estate and construction, hotels and leisure, technology and media. This allows us to understand your specific issues for a transaction and provide you with advice within context, saving time and money and allows us to pinpoint your real commercial issues and risks in a transaction.

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CMS ad­vised the share­hold­ers of agta re­cord on the sale of their ma­jor­ity...
<em­phas­is role="strong">CMS ad­vised the share­hold­ers of agta re­cord on the sale of their ma­jor­ity stake in agta re­cord to the Swedish group Assa Abloy</em­phas­is>The share­hold­ers of the Swiss fam­ily-held com­pany 3B Fin­ance GmbH, CM-CIC In­ves­t­isse­ment and Banque Fédérat­ive du Crédit Mu­tuel (Crédit Mu­tuel Al­li­ance Fédérale) have de­cided to sell their shares in 3B Fin­ance and Agta Fin­ance, i.e. the hold­ing com­pany of the agta re­cord group, to Assa Abloy, which already is a 39% share­hold­er in agta re­cord. The parties have signed an SPA valu­ing the in­dir­ect 53.75% ma­jor­ity stake held by Agta Fin­ance in agta re­cord's share cap­it­al at EUR 70 per share and 100% of agta re­cord's share cap­it­al at EUR 933m. After the com­ple­tion of the ac­quis­i­tion, which is how­ever con­di­tion­al upon ap­prov­al from the European com­pet­i­tion au­thor­it­ies, Assa Abloy will own 93.77% of agta re­cord's share cap­it­al.The agta re­cord shares are lis­ted on Euronext Par­is, for­eign stocks. Fol­low­ing the com­ple­tion of the trans­ac­tion, ASSA ABLOY will launch a vol­un­tary pub­lic tender of­fer or, sub­ject to the pri­or agree­ment of the AMF (Autor­ité des marchés fin­an­ci­ers in Par­is), any oth­er kind of pub­lic of­fer for the re­main­ing out­stand­ing shares in agta re­cord.The trans­ac­tion is ex­pec­ted to close dur­ing the fourth quarter of 2019.An in­ter­na­tion­al CMS team led by Stefan Brunnsch­weiler, Part­ner, Glob­al Head of the CMS Cor­por­ate/M&A Group, and Alain Raemy, Part­ner, (both CMS Switzer­land), and Jean-Robert Bousquet, Part­ner, Co-Head of Cor­por­ate/M&A of CMS Fran­cis Le­fe­b­vre, (CMS France), have com­pre­hens­ively ad­vised the sellers on all leg­al as­pects in the course of this in­ter­na­tion­al trans­ac­tion.   <em­phas­is role="strong">agta re­cord</em­phas­is>agta re­cord is a well-es­tab­lished man­u­fac­turer and ser­vice or­gan­isa­tion ded­ic­ated to auto­mat­ic ped­es­tri­an en­trance sys­tems. agta re­cord is headquartered in Fehraltorf, Switzer­land, and has 2,600 em­ploy­ees. agta re­cord's sales for 2018 amoun­ted to EUR 374 mil­lion. agta re­cord's ex­tens­ive ex­pert­ise cov­ers the design, pro­duc­tion, mar­ket­ing, in­stall­a­tion and main­ten­ance of a large range of auto­mat­ic doors.agta re­cord sells its products and ser­vices across the globe and is dir­ectly present with sub­si­di­ar­ies in 17 coun­tries.<em­phas­is role="strong">ASSA </em­phas­is><em­phas­is role="strong">ABLOY</em­phas­is>ASSA ABLOY is the glob­al lead­er in door open­ing solu­tions, ded­ic­ated to sat­is­fy­ing end user needs for se­cur­ity, safety and con­veni­ence. Since its form­a­tion in 1994, ASSA ABLOY has grown from a re­gion­al com­pany in­to an in­ter­na­tion­al group with about 48,500 em­ploy­ees, op­er­a­tions in more than 70 coun­tries and sales of SEK 84 bil­lion. In the fast-grow­ing elec­tromech­an­ic­al se­cur­ity seg­ment, the Group has a lead­ing po­s­i­tion in areas such as ac­cess con­trol, iden­ti­fic­a­tion tech­no­logy, en­trance auto­ma­tion and hotel se­cur­ity.<em­phas­is role="strong">CMS Switzer­land</em­phas­is>Stefan Brunnsch­weiler, Part­ner, Glob­al Head of the CMS Cor­por­ate/M&A GroupAlain Raemy, Part­ner, Cor­por­ate/M&ADr Daniel Jenny, Part­ner, Cor­por­ate/M&AAnna To­maschek, As­so­ci­ate, Cor­por­ate/M&AAn­drea Relly, As­so­ci­ate, Cor­por­ate/M&AFlori­an Jung, As­so­ci­ate, Cor­por­ate/M&AOliv­er Girst­mair, Train­ee, Cor­por­ate/M&AMari­on Wyler, As­so­ci­ate, Com­pet­i­tionChris­ti­an Gers­bach, Part­ner, Em­ploy­mentDav­id Hürli­mann, Part­ner, TaxMark Ca­gi­enard, Part­ner, TaxJens Lehmann, As­so­ci­ate, TaxCedric Müller, As­so­ci­ate, Tax<em­phas­is role="strong">CMS France</em­phas­is>Jean-Robert Bousquet, Part­ner, Co-Head of Cor­por­ate/M&A of CMS Fran­cis Le­fe­b­vreThibault Jabouley, Coun­sel, Cor­por­ate/M&A / Cap­it­al Mar­ketsAnne-Flore Mil­let, As­so­ci­ate, Cor­por­ate/M&A<em­phas­is role="strong">CMS Brus­sels</em­phas­is>Kai Neuhaus, Part­ner, Com­pet­i­tionDr Björn Her­bers, Part­ner, Com­pet­i­tion
Feb 2019
CMS Cor­por­ate/M&A Group
With more law­yers across Europe than any oth­er law firm and an ex­pan­ded in­ter­na­tion­al foot­print, CMS Cor­por­ate/M&A of­fers:The ca­pa­city to trans­act more deals than any oth­er law firm We close more than a deal a day each year and are ranked top in Europe by Bloomberg, Mer­ger­mar­ket and Thom­son Re­u­ters League Tables by the num­ber of trans­ac­tions.Breadth and depth More than 1,000 Cor­por­ate/M&A law­yers are ad­vising on Cor­por­ate/M&A mat­ters across 39 coun­tries.Cross-bor­der ex­pert­ise We are ex­per­i­enced in multi-jur­is­dic­tion­al deals and work­ing in cross-bor­der teams.Solu­tions for dy­nam­ic eco­nom­ies Be it Europe, Asia or Lat­in Amer­ica, we de­liv­er tailored re­gion­al solu­tions for busi­nesses in di­verse and fast-grow­ing eco­nom­ies.To learn more, please view the PDF be­low.
March 2018
CMS European M&A Study 2018
560340ht­tps://me­dia.cmsleg­al.com/me­dia/em­bed?key=3d93d71726cdc4c4ce0298c5bd178ca8&unique_key=1044a4216408cd00164d604a68f134ec&width=720&height=405&auto­play=false&auto­light­soff=false&loop=false&clean1al­wayseznode://499585The CMS European M&A Study 2018 provides in­sight in­to the leg­al pro­vi­sions of mer­ger & ac­quis­i­tion (M&A) agree­ments, makes com­par­is­ons across Europe and with the US and iden­ti­fies mar­ket trends. CMS ana­lysed private M&A agree­ments re­lat­ing to both non-lis­ted pub­lic and private com­pan­ies in Europe for the el­ev­en-year peri­od 2007 – 2017.Our new CMS European M&A Study 2018 cov­ers more than 3,650 deals. We fo­cus on the 438 CMS deals in 2017 and the 2,488 CMS deals in the peri­od 2010 – 2016 by way of com­par­is­on.In ana­lys­ing the 2017 mar­ket, we re­port on cur­rent mar­ket stand­ards on risk al­loc­a­tion in M&A deals, com­par­ing 2017 against 2016 and the pre­vi­ous sev­en-year av­er­age in 2010 – 2016. The spe­cial fea­tures of this Study are as fol­lows:CMS Trend In­dex – we provide a CMS Trend In­dex to il­lus­trate a cur­rent fact or trend for the par­tic­u­lar fea­ture re­por­ted on, com­par­ing the po­s­i­tion in 2017 with that of 2016 and / or the sev­en-year peri­od 2010 – 2016.CMS European / US risk al­loc­a­tion com­par­is­on – we provide a head­line ana­lys­is of the dif­fer­ing risk al­loc­a­tion on stand­ard is­sues in European and US M&A.CMS European re­gion­al dif­fer­ences – we high­light cer­tain is­sues which are par­tic­u­lar to one or more of the six covered European re­gions.CMS deal size ana­lys­is – we have ana­lysed our data against three dif­fer­ent deal val­ues: firstly, deals up to EUR 25m; secondly, deals in a value range of EUR 25m to 100m; and thirdly, deals ex­ceed­ing EUR 100m.Tenth Edi­tion: Look­ing back to 2007 – we re­flect on some sig­ni­fic­ant changes in the way that risk is now al­loc­ated between sellers and buy­ers in M&A deals, and also on some sig­ni­fic­ant sim­il­ar­it­ies where the world does not seem to have changed at all.We are proud to an­nounce that this is the tenth edi­tion of the CMS European M&A Study. This rep­res­ents a sig­ni­fic­ant body of work which is unique both for its longev­ity and large deal sample. In this edi­tion, we take the op­por­tun­ity to look back at how risk al­loc­a­tion in M&A deals has changed in the 2007 – 2017 peri­od and the reas­ons for such change. We trust that the CMS European M&A Study will as­sist you in your every­day M&A activ­it­ies. 340340ht­tps://form.jot­formeu.com/807919292873721al­waysFull­screen


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02 July 2020
CMS ad­vises capiton/Cym­biQ on the ac­quis­i­tion of As­pec­tra AG
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CMS Ex­pert Guide to the trans­par­ency re­gister in AML dir­ect­ive
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30 March 2020
EU Com­mis­sion calls for closer scru­tiny of for­eign dir­ect in­vest­ment
Non-EU in­vestors may be con­fron­ted with more ri­gid clear­ance pro­cesses when at­tempt­ing to ac­quire EU com­pan­ies as a res­ult of an un­pre­ced­en­ted call for ac­tion by the European Com­mis­sion. In a policy pa­per...
24 April 2020
CMS again achieves top po­s­i­tions in BIL­ANZ / Le Temps rank­ing 2020
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23 March 2020
Gen­er­al Meet­ings of Swiss Com­pan­ies – New rules due to Coronavir­us
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