Bär & Karrer advises Garnero on agreement to acquire majority ownership stake in WISeKey

Bär & Karrer has advised Garnero Group Acquisition Company, a special acquisition company (SPAC) listed on NASDAQ, on its entrance into definitive agreements with WISeKey, an international mobile cyber-security provider. 

On 31 October 2014, under the agreement, Garnero Group Acquisition Company will acquire an minimum ownership interest of around 70 per cent in WISeKey from certain shareholders of WISeKey, but will seek to acquire 100 per cent of the outstanding shares.

The transaction is subject to shareholder approval of Garnero Group Acquisition Company, applicable regulatory approvals and other customary closing conditions.

The Bär & Karrer team included Thomas U Reutter, Daniel Raun, Annette Weber and Rebecca Schori (all corporate), Raoul Stocker and Michael Abegg (both tax) and Markus Wang and Fabian Wigger (both intellectual property).