Zürcher Kantonalbank acquires Complementa AG. Complementa AG has been supporting Zürcher Kantonalbank (ZKB) with investment reporting services since 2006 and has become an important partner of the bank. ZKB has taken over Complementa as of July 26, 2024. The bank is thus consolidating its important position in the area of custody services. At the same time, the takeover provides Complementa with a viable, long-term succession solution. This step ensures the smooth continuation of the often long-standing client relationships. For Complementa's clients and employees, this solution represents continuity and stability. Heinz B. Rothacher will relinquish his role as CEO, but will continue to be represented on the Board of Directors. From September 2024, Markus Wirth, currently Head of Custody at ZKB, will become CEO of Complementa. He will continue to manage the company together with the existing management team. A team of CMS led by Dr Daniel Jenny (Partner) and Florian Jung (Senior Associate) provided comprehensive legal advice to the seller on the transaction. The team also included David Hürlimann (Partner, Tax), Christian Gersbach (Partner, Employment), Rafael Gruber (Trainee, Corporate/M&A) and Nadine Anwander (Trainee, Corporate/M&A). CMS SwitzerlandDr Daniel Jenny (Partner; Corporate/M&A)Florian Jung (Senior Associate; Corporate/M&A)David Hürlimann (Partner; Tax)Christian Gersbach (Partner; Em­ploy­ment)Ra­fael Gruber (Trainee; Corporate/M&A)Nadine Anwander (Trainee; Corporate/M&A)

CymbiQ Group AG, a portfolio company of the German private equity investor capiton, has sold Aspectra AG to the Convotis Group. Aspectra is a Zurich-based hosting and managed services provider. With the sale of Aspectra AG, the CymbiQ Group strengthens its focus on its strategic core areas with the aim of being the leading provider of premium consulting, services and managed services in the cyber security sector. With around 1000 employees, the Convotis Group, based in Germany, focuses on three areas: Business IT, Platforms and Managed Services. With the acquisition of Aspectra, the Convotis Group is expanding its expertise in hosting and the management of busi­ness-crit­ic­al IT systems. A CMS team led by partner Dr. Daniel Jenny and senior associate Florian Jung provided comprehensive legal advice to the seller. The team also consisted of Mark Cagienard (Partner; Tax) and Miryam Meile (Senior Associate; Employment). CMS SwitzerlandDr Daniel Jenny (Partner; Corporate/M&A)Florian Jung (Senior Associate; Corporate/M&A)Mark Cagienard (Partner; Tax)Miryam Meile (Senior Associate; Employment)

ACRON AG and the other previous shareholders have sold all shares in ACRON HELVETIA VI Immobilien AG. ACRON HELVETIA VI Immobilien AG is a real estate company that holds an office and logistics property with a production center in Wetzikon, Zurich. The property was built between 1975 and 1990 on a plot area of 7,158 square meters. The rental area is approximately 11,000 square meters and is fully leased to the renowned European exhibition stand builder and exhibition designer Andreas Messerli AG.A team of CMS Zurich led by Dr Daniel Jenny (Partner) and Florian Jung (Senior Associate; both Corporate/M&A) advised the sellers comprehensively on all legal aspects of this transaction. The team further included Dr Sibylle Schnyder (Partner; Real Estate) and Dominik Penkov (Associate; Tax). CMS SwitzerlandDr Daniel Jenny (Partner; Corporate/M&A)Florian Jung (Senior Associate; Corporate/M&A)Dr Sibylle Schnyder (Partner; Real Estate)Dominik Penkov (Associate; Tax)

Directors duties and responsibilities 1. What form does the board of directors take? In Switzerland, companies have a single board of directors (“Ver­wal­tung­s­rat”). Many companies however use the...

Zurich, May 2024 | ISS Facility Services AG acquires gammaRenax AG. gammaRenax is an accomplished quality provider of integral facility services with 1,800 employees at 16 offices spread across all regions of Switzerland. Versatility, flexibility and customer focus are key characteristics of the owner-managed company's understanding of service. With a portfolio of over 1,600 properties, gammaRenax is one of the most important facility services providers in Switzerland. With this acquisition, ISS seeks to strengthen its position as leading provider of comprehensive facility management services in Switzerland. There are synergies in the customer base and new competencies in the areas of hotel services and hygiene management for pools and wellness areas. With the FM Academy, gammaRenax also has profound expertise in training and further education in areas such as hygiene management, property maintenance and building services. These specialisations will complement the services offered by ISS Switzerland and provide the customers of both companies with an extended range of high-quality services. The seller, Severin Gallo, will join the board of ISS Facility Services AG. ISS Switzerland is the leading provider for workplace experience and facility management. ISS offers intelligent and scalable solutions that contribute to better business performance and make life easier, more productive and more enjoyable - developed to high standards and implemented responsibly by dedicated people. ISS employs around 12,500 people in Switzerland and 350,000 worldwide in over 30 countries.A team of CMS led by Dr Daniel Jenny has advised ISS on all legal aspects of this transaction. The further consisted of Dr Ferdinand Blezinger, Florian Jung, Christian Gersbach, Miryam Meile, Dr Dirk Spacek, Julia Nitschke and Helena Loretan. CMS Switzer­land­Daniel Jenny, Partner, Corporate / M&ADr Ferdinand Blezinger, Senior Associate, Corporate / M&A         Florian Jung, Senior Associate, Corporate / M&A    Christian Gersbach, Partner, Employment Dr Miryam Meile, Senior Associate, EmploymentDr Dirk Spacek, Partner, IP/ITJulia Nitschke , Associate, IP/ITHelena Loretan, Associate, Real estate  

Awards & Rankings

A cross-border team from CMS has advised On Location, the Endeavor-owned leader in premium experiences, hospitality, and travel, on its strategic investment in Wiz-Team, a leading event and data management technology solution. The investment will support integration of Wiz-Team’s technology and software across the On Location portfolio, with a focus on enhancing guest registration and communication, accreditation, accommodation, and access con­trol. Already, On Location has partnered with Wiz-Team to enhance guest management services across its marquee VIP experiences, travel, and hospitality offerings, including the Olympic and Paralympic Games (for which On Location is the official, exclusive hospitality provider through to the Los Angeles 2028 Olympic and Paralympic Games), Super Bowl, and the Aer Lingus Classic. A team of CMS Zurich and London, led by partner Dr Daniel Jenny and senior associate Florian Jung (both CMS Zurich) as well as partner Nick Crosbie and senior associate Lauren Wood (both CMS London) has advised Endeavor / On Location on this trans­ac­tion.  The team further consisted of Samuel Gang (senior associate; corporate), Alexander Salamon (attorney trainee; corporate), Christian Gersbach (partner; employment), Miryam Meile (senior associate; employment), Mark Cagienard (partner; tax), Dirk Spacek (partner; IP/IT), Michelle Lindenman (associate; real estate; all CMS Zurich); Tetyana Dovgan (partner; corporate), Mariana Saienko (senior associate; corporate); Ihor Pavliukov (associate; corporate; all CMS Kyiv), Marco Casasole (partner; corporate; corporate), Francesco Capasso (Counsel; corporate), Giusy Lauro (counsel; employment; all CMS Rome), David Prync (partner; corporate), and Ségolène Regout (senior associate; corporate; both CMS Brussels). CMS ZurichDr Daniel Jenny, Partner, Corporate/M&AFlorian Jung, Senior Associate, Corporate/M&ASamuel Gang, Senior Associate, Corporate/M&AAlexander Salamon, Attorney Trainee, Corporate/M&AChristian Gersbach, Partner, EmploymentMiryam Meile, Senior Associate, EmploymentMark Cagienard, Partner, TaxDirk Spacek, Partner, IP/ITMichelle Lindenmann, Associate, Real EstateCMS LondonNick Crosbie, Partner, Corporate/M&ALauren Wood, Senior Associate, Corporate/M&ACMS KyivTetyana Dovgan, Partner, Corporate/M&AMariana Saienko, Senior Associate, Corporate/M&AIhor Pavliukov, Associate, Corporate/M&ACMS RomeMarco Casasole, Partner, Corporate/M&AFrancesco Capasso, Counsel, Corporate/M&AGiusy Lauro, Counsel, Employment CMS Brussels David Prync, Partner, Corporate/M&ASégolène Regout, Senior Associate, Corporate/M&A

Simpson Strong-Tie has acquired PMJ-tec, a Swiss roofing and facade fastener manufacturer specializing in A2, A4 and other high grade corrosion resistant stainless steel products. PMJ-tec, founded in 1975, has its main office and factory in Switzerland and warehouses as well as sales offices in Germany and the Netherlands. Its products, including bi-metal fasteners, carbon steel fasteners and drainage pipe couplers, are engineered with over 45 years of expertise in the construction fastener industry and manufactured in compliance with rigorous internal and external stand­ards.“PMJ-tec is known not only for its superior quality products, but also for its commitment to the clients and service as well as in­nov­a­tion-ori­ented culture, all of which makes it a perfect match for Simpson Strong-Tie. This acquisition introduces bi-metal fasteners to our product portfolio, which is of great strategic importance to us”, explains Fabio Di Clemente Fabio Di Clemente, Director EU Strategy at Simpson Strong-Tie. Simpson Strong-Tie is the world leader in structural solu­tions-products and technology that help people design and build safer, stronger homes, buildings, and communities. A team of CMS led by Dr Daniel Jenny and Florian Jung has advised the seller on all legal aspects of this transaction. Christian Birchley, Senior Partner, Chase Lombard LLP successfully facilitated the transaction as M&A adviser for the seller. CMS SwitzerlandDr Daniel Jenny, Partner, Corporate/M&AFlorian Jung, Senior Associate, Corporate/M&ASamuel Gang, Senior Associate, Corporate/M&AMark Cagienard, Partner, TaxCMS Neth­er­land­sPi­eter van Duijvenvoorde, Partner, Corporate/M&A

CMS advised the shareholders of BOLDT AG, Zurich, on the sale of their shares to Bully Pulpit Interactive (BPI). BOLDT is a senior-led European business strategy, public policy and communication consulting firm with more than 50 professionals and offices in Berlin, Brussels, Düsseldorf, London, Oslo as well as Zurich and advises some of the world's largest enterprises on their most critical issues. Boldt will keep its branding and become "BOLDT, a BPI Company". Boldt is focused on delivering business strategy, communications, and stakeholder engagement to transform organisations and performance. BPI is a US outcomes agency at the intersection of business, politics, and policy with offices in Chicago, New York, San Francisco and Washington, DC as well as two-time PRovoke Media Global Public Affairs Agency of the Year. In connection with the transaction, BPI will rebrand as Bully Pulpit International. With the acquisition of BOLDT, BPI enters into the European market and can offer to the customers of the combined enterprise transatlantic services. The combined company will have more than 250 employees in 10 offices in 6 countries. Against the background of pivotal elections in both the U.S. and Europe next year, the world’s most influential leaders and brands need a single best-in-class partner that can deliver a coherent bilateral strategy. With this investment, BPI introduces a bilateral public affairs, campaigning, and strategic communications offering to serve both American and European clients. As the pace of change increases, policy discussions evolve, and stakeholders demand engagement, brands require a cohesive approach across policy and corporate strategy in the U.S. and Europe. For Jeremy Galbraith, Managing Partner of BOLDT, it is an ideal time for BOLDT and BPI to join forces, given the political landscape and the pressures that businesses face to transform in Europe and in the U.S. BPI's and Boldt's service offering and culture are a natural fit. The introduction between BPI and BOLDT, which ultimately culminated in the acquisition of Boldt by BPI, was made by Jon Banner, Global Chief Impact Officer of McDonald's.A CMS team led by Daniel Jenny provided comprehensive legal advice to the shareholders of BOLDT AG in connection with the transaction. CMS ZurichDr Daniel Jenny, Partner, Corporate / M&AMark Cagienard, Partner, TaxChristian Gersbach, Partner, EmploymentDr Ferdinand Blezinger, Senior Associate, Corporate / M&ADr David Schuler, Senior Associate, TaxRafael Gruber, Attorney TraineeCMS LondonJohn Finnemore, Partner, Corporate / M&A

Rankings of CMS Switzerland in The Legal 500 EMEA 2023 Edition

Chambers and Partners has pub­lished its rankings of Europe's lead­ing law firms and lawyers in the Europe Guide 2023. Our firm and our lawyers are listed in both rankings for Switzerland.

Chambers and Partners has pub­lished its rankings of the world's leading law firms and lawyers in the Global Guide 2023. Our firm is again listed in both rankings for Switzerland.