CMS advised HEB on the divestment of its stake in SIX listed Cicor to One Equity Partners

Zurich, 19 July 2021 | HEB Swiss Investment AG, a Zurich-based holding company owned by a German private investor, has entered into an agreement to sell its major stake (29.3 %) in listed Cicor Technologies Ltd. (SIX Swiss Exchange: CICN) to One Equity Partners.

Cicor Group, based in Boudry (Switzerland), is a leading international technology company in the fields of printed circuit boards and hybrid circuits, printed electronics, microelectronics as well as EMS (Electronic Manufacturing Services).

One Equity Partners is a middle market private equity firm with over USD 8bn in assets under management focused on transformative combinations within the industrial, healthcare and technology sectors in North America and Europe.

A team of CMS led by Stefan Brunnschweiler (Partner, Corporate/M&A) and Matthias Kuert (Senior Associate, Capital Markets) has comprehensively advised HEB Swiss Investment AG on all legal aspects of the transaction (including the contractual documentation, capital markets law and competition and foreign direct investment control clearance). Duff & Phelps, A Kroll Business, served as the exclusive financial advisor to HEB Swiss Investment AG in connection with the transaction. 

CMS Switzerland

• Stefan Brunnschweiler, Partner, Corporate/M&A
• Dr Matthias Kuert, Senior Associate, Capital Markets
• Fabian Martens, Counsel, Competition/Public Law
• Florian Jung, Associate, Corporate/M&A
• Hadi Mirzai, Associate, Competition

CMS Germany

• Kai Neuhaus, Partner, Competition/Public Law
• Moritz Pottek, Associate, Competition/Public Law