Baker & McKenzie Acts for ORIOR AG on its IPO on the SIX Swiss Exchange
Deal Announcement
April 22, 2010
Zurich, April 22, 2010 – Baker & McKenzie has advised ORIOR AG, a leading Swiss food group that focuses on fresh convenience foods and meat processing, on its initial public offering on the SIX Swiss Exchange AG. In the IPO newly issued and existing shares are offered to investors. Global Coordinator and Bookrunner was Credit Suisse AG.
Before the IPO, ORIOR was approximately 80 percent-owned by a fund managed by Capvis Equity Partners, a leading private equity sponsor in Switzerland. As part of the IPO, Capvis has sold a substantial portion of its shareholding. ORIOR will use proceeds from the sale of new shares – approximately CHF 80 million – to pay down debt, which will lay the foundations for further growth as an independent food group.
The Baker & McKenzie team was led by Marcel Giger and Martin Frey.
Founded in 1852, ORIOR AG has strong roots in the Swiss retail and catering market. With its five key brands – Rapelli (Stabio), Spiess (Schiers, Davos, Churwalden), Le Patron (Böckten, Uetendorf), Fredag (Root) and Pastinella (Oberentfelden), it specializes in making fresh convenience foods, including vegetarian brand products, and meat processing. ORIOR covers all the food categories, from premium to low-priced products.