CMS advises Renaissance Investment Foundation on the acquisition of a majority stake in the Asic Group

The Asic Group comprises the three companies Asic Robotics AG and Ambis Solutions AG (Switzerland), and Pematech GmbH (Germany). With around 230 employees and 40 years of experience, the Asic Group is one of the leading providers of specialised machine construction, focusing on testing and assembly technology.

Renaissance Investment Foundation has been a shareholder in the Asic Group since 2013 and is now acquiring a majority stake, while the previous private equity investor, Paragon Partners GmbH, is withdrawing completely. 

Renaissance Investment Foundation, with offices in Zurich and Lausanne, has been supporting Swiss SMEs for 25 years, with its capital coming exclusively from Swiss pension funds. 

A CMS team led by Alain Raemy (Partner, Corporate/M&A), Mark Cagienard (Partner, Tax) and Anna Mast (Senior Associate, Corporate/M&A) advised Renaissance Anlagestiftung on all legal aspects of the transaction. The team further included Kaspar Landolt (Partner, Banking & Finance), Jens Lehmann (Senior Associate, Tax), Dominik Penkov (Senior Associate, Tax) and Alina Martalogu (Attorney Trainee).