Hoffmann & Partner M&A Insights: Allocation of the total equity value of a company to different share classes

Oct 28, 2022 | Corporate Finance, M&A

Deriving the adequate values per preferred and common share is not straightforward. Dividing the total equity value or agreed company pre-money valuation in a financing transaction by the total amount of existing shares to receive the issue price is not correct if...

The use of preferred rights in the life sciences industry in Switzerland

Oct 24, 2022 | Corporate Finance, M&A

In our last M&A newsletter (The meaning of preferential rights embedded in preferred shares and empirical evidence in Switzerland) we introduced the nature and economic meaning of different preferential rights embedded in preferred shares.In addition, we have...

The meaning of preferential rights embedded in preferred shares and empirical evidence in Switzerland

Oct 24, 2022 | Corporate Finance, M&A

Start-ups in the Life Sciences field are frequently financed through a combination of equity securities with different rights to its holders. There are several economic rationales behind preferred rights for large investors. Whereas certain (e.g. non-participating)...

Kinarus Announces Signing of a Transaction Agreement with Perfect Holding

Oct 24, 2022 | M&A

The private company, Kinarus AG, Basel and Swiss stock listed Perfect Holding SA, Lausanne have today issued a press release regarding a planned reverse merger.We congratulate both companies and thank Kinarus for the trust in our advisory services to support this...