BPV Huegel has advised Raiffeisen Informatik on the sale of shares in SoftwareONE Holding by KKR, Raiffeisen Informatik, and the heirs of Patrick Winterin via an accelerated book-building process. Lenz & Staehelin acted as Swiss counsel for the sellers, KKR was advised by Simpson Thacher & Bartlett, and the heirs of Patrick Winter were advised by Switzerland's Kung Rechtsanwalte & Notare firm.
The selling shareholders sold a total of 17,000,000 shares, corresponding to approximately 11% of the SoftwareONE share capital, at a price of CHF 22.50 per share for total proceeds of approximately CHF 380 million. Credit Suisse AG, J.P. Morgan Securities plc, UBS AG and KKR Capital Markets Partners LLP acted as joint book-runners for the placement.
According to BPV Huegel, "upon completion of the transaction, the three sellers will hold 5.18%, 2.78% and 2.75% of SoftwareONE Holding AG respectively. As a result of the transaction, the free float of SoftwareONE is expected to increase to over 55%.SoftwareONE, headquartered in Switzerland, is a leading global provider of end-to-end software and cloud technology solutions. With approximately 5,400 employees and sales and service capacities in 90 countries, SoftwareONE offers software and cloud solutions from more than 7,500 publishers to approximately 65,000 business customers.
The BPV Huegel team included Partners Thomas Lettau, Christoph Nauer, and Attorney at Law Roland Juill.
The Lenz & Staehelin team consisted of Partners Matthias Wolf, Patrick Schleiffer, and Associate Patrick Scharli.
Simpson Thacher's team was led by London-based Partner Nicholas Shaw.
Kung Rechtsanwalte & Notare AG's team was led by Consultant Manfred Küng.
