Baker McKenzie advised VT5 Acquisition Company AG ("VT5"), a SIX-listed Swiss special purpose acquisition company (SPAC), on the acquisition of R&S International Holding AG ("R&S Group") in the context of the agreed business combination to take R&S Group public on the SIX Swiss Exchange. 

This week, VT5 received very strong support from its shareholders for the business combination with R&S Group. At a special meeting of holders of VT5 class A shares, an overwhelming majority voted in favor of acquiring R&S Group and approved the transaction with 99% of all votes cast. 13 December 2023 marked the completion of the offering of new shares and redeemed shares, as well as the first day of trading for the renamed company R&S Group Holding AG, according to the Swiss Reporting Standard of the SIX Swiss Exchange, trading under the new symbol RSGN and the ISIN number CH1107979838 (unchanged).

R&S Group is an engineering leader with high-quality, reliable electrical infrastructure components, capable of offering customizable solutions with short lead times. R&S Group meets or exceeds all investment principles of VT5, namely being a premium provider of mission-critical components in the DACH region, with a scalable business model, a strong market position and annual growth higher than 5%.

Baker McKenzie advised VT5 on all aspects of the D-SPAC transaction, including the acquisition, the capital raising, the repurchase, and the debt financing. 

The project was led by capital markets partner Matthias Courvoisier (Zurich). The core team consisted of Jan Lusti (capital markets, Zurich), Yves Mauchle (capital markets, Zurich), Susanne Liebel-Kotz (tax, Zurich), Andrea B. Bolliger (tax, Zurich), Jasmin Spoerri (corporate, Zurich), Adam Farlow and Fani Chlampoutaki (both capital markets, London). The project was further supported by teams from Baker McKenzie in Italy, Poland and New York.

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