On September 18, 2018, Feintool International Holding AG successfully placed 451,871 new shares sourced from existing authorized capital by way of an accelerated book-building procedure. The shares were sold in a private placement at CHF 112.50 per new share. The gross proceeds from the placement amount to CHF 50.8 million. The new shares will be listed and admitted to trading on SIX Swiss Exchange on September 20, 2018. Payment and settlement will take place on the same date.
Feintool's main shareholder, Artemis Beteiligungen I AG, which is controlled by Michael Pieper, has purchased 227,400 new shares at the offer price, retaining its shareholding of 50.32%. Feintool as well as Artemis Beteiligungen I AG have agreed to a 180 days lock-up period subject to customary exceptions.
Feintool is an internationally active technology and market leader in the field of fineblanking as well as a global provider of high-quality and cost-effective fineblanked, formed and punched electro sheet metal components. As an innovation driver, Feintool is consistently expanding the boundaries of these technologies and develops smart solutions for its customers' needs. The company, founded in 1959 and headquartered in Lyss, Switzerland, has its own production plants and technology centers in Europe, the United States, China and Japan and employs about 2,600 employees and 70 trainees worldwide.
Baker McKenzie acted as legal counsel to Feintool International Holding AG in connection with the capital increase and the listing of the new shares on SIX Swiss Exchange. The Baker McKenzie team comprised Dr. Matthias Courvoisier (Partner, Capital Markets) and Dr. Philip Spoerlé (Associate, Capital Markets).
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