Cham Group (listed on SIX Swiss Exchange) closed the sale of its specialty paper business, comprising of subsidiaries in Switzerland and Italy, to Sappi Group (listed on Johannesburg Stock Exchange), one of the world’s leading pulp and paper manufacturers. The sale at an enterprise value of CHF 146.5 million results (after deduction of bank debt, liabilities and costs) in an inflow of over CHF 125 million in cash. Following the divestment of the specialty paper business, Cham Group will focus on its real estate business.
VISCHER advised Cham Group as lead counsel on all legal aspects of this transaction. The VISCHER team was led by Jürg Luginbühl (Partner, Corporate/M&A) and included Gian-Andrea Caprez (Managing Associate, Corporate/M&A), David Weber (Senior Associate, Corporate/M&A), Seraina Tsering (Senior Associate, Corporate/M&A), Rebekka Keller (Associate, Corporate/M&A), Klaus Neff (Partner, Competition), Thomas Steiner (Senior Associate, Competition) and Christoph Niederer (Partner, Tax).