Walder Wyss acted as Swiss counsel to Montana Aerospace AG. DLA Piper also advised Montana Aerospace AG. Niederer Kraft Frey advised Berenberg as sole global coordinator. Linklaters advised the joint bookrunners on the U.S. law matters of the transaction.
Montana Aerospace AG, a leading, highly-vertically integrated manufacturer and supplier of system components and complex assemblies for the aerospace, e-mobility and energy sectors with worldwide engineering and manufacturing operations, announced its Initial Public Offering at the SIX Swiss Exchange. This IPO has been one of the first to take place under the new Swiss prospectus regime.
Montana Aerospace AG raised around CHF 440 million by issuing 17,153,997 new shares at CHF 25.65 per share, reaching a market capitalization of CHF 1.2 billion. In addition, Montana Tech Components AG, the former sole owner and now majority shareholder, has granted an over-allotment option to the underwriters of up to 2,573,099 existing shares, exercisable within 30 days following the first day of trading. The first trading day was on 12 May 2021.
Joh. Berenberg, Gossler & Co KG acted as Sole Global Coordinator and Joint Bookrunner, Zürcher Kantonalbank and Commerzbank Aktiengesellschaft as Joint Bookrunners.
The Walder Wyss team included Daniel Dedeyan (Picture – Counsel, Capital Markets, team leader) and Nico Bernhard (Senior Associate, Corporate/M&A) and was supported by Dominik Aerni and Michael Kissling (both Associates, Corporate/M&A), Maurus Winzap (Partner, Tax) and Blerina Ahmeti (Trainee, Finance).
In Germany, Montana Aerospace AG was advised by DLA Piper with a team led by Frankfurt based partner Dr Roland Maaß (Capital Markets, Frankfurt). Partner Tony Lopez and counsel John Stone (both US Securities Law, London) were in the lead on US law. The team also included senior associate Juliane Poss and associate Theresa Schenk (both Capital Markets, Frankfurt).
The NKF team was led by Corporate/Capital Markets partner Till Spillmann and further comprised senior associates Andrea Giger and Deirdre Ní Annracháin, associate Corinne Russi (all Corporate/Capital Markets), partner Sandro Abegglen, senior associate Martin Schaub and associate Stefan Härtner (all Regulatory) as well as partner Markus Kronauer and senior associate Vanessa Witschi (both Tax).
The Linklaters team was led by Frankfurt based partner Marco Carbonare.
Involved fees earner: Tony Lopez – DLA Piper; Roland Maaß – DLA Piper; Juliane Poss – DLA Piper; Theresa Schenk – DLA Piper; John Stone – DLA Piper; Marco Carbonare – Linklaters; Sandro Abegglen – Niederer Kraft Frey Ltd; Andrea Giger – Niederer Kraft Frey Ltd; Stefan Härtner – Niederer Kraft Frey Ltd; Markus Kronauer – Niederer Kraft Frey Ltd; Deirdre Ni Annrachain – Niederer Kraft Frey Ltd; Corinne Russi – Niederer Kraft Frey Ltd; Martin Schaub – Niederer Kraft Frey Ltd; Till Spillmann – Niederer Kraft Frey Ltd; Vanessa Witschi – Niederer Kraft Frey Ltd; Dominik Aerni – Walder Wyss Ltd.; Blerina Ahmeti – Walder Wyss Ltd.; Nico Bernhard – Walder Wyss Ltd.; Daniel Dedeyan – Walder Wyss Ltd.; Michael Kissling – Walder Wyss Ltd.; Maurus Winzap – Walder Wyss Ltd.;