Loyens & Loeff advised Cellularline S.p.A. on the acquisition of WorldConnect AG
Loyens & Loeff advised Cellularline S.p.A. on the acquisition of 80% of the shares in WorldConnect AG against a consideration of CHF 15.8 million. The closing of the deal is expected in the third quarter of 2020.
Through its “SKROSS” and “Q2Power” brands WorldConnect AG, a Swiss company founded in 2002, is a leader in the premium travel adapters market.
Cellularline is a European leader in the smartphone and tablet accessories industry founded in 1990 and listed on the Italian Stock Exchange (Borsa Italiana). The acquisition allows Cellularline to continuously pursue its growth strategy through offering a more extensive product portfolio (including patented products) and complementary international trademarks.
Loyens & Loeff advised Cellularline on all Swiss legal aspects of the transaction. The team is led by Marco Toni and consists of Jana Bieli, Giulia Campbell, Gilles Haudenschild, Nadja Huber, Aron Liechti, Aurélien Pasquier, Gilles Pitschen, Valérie Schrämli and Fabian Sutter. Gatti Pavesi Bianchi acted as Italian counsel to Cellularline.
Valérie SchrämliAssociate Attorney at law
Valérie, attorney at law, is an associate in our Zurich office and she focuses on domestic and cross-border M&A, private equity and capital market transactions, corporate governance, general corporate law and contractual matters.T: +41434346700 E: [email protected]
Fabian SutterPartner Attorney at law, Swiss certified tax expert
Fabian Sutter, attorney at law and Swiss certified tax expert, is a partner in our Zurich office. He focusses on Swiss and international taxation, in particular corporate reorganizations and restructurings, M&A, financing and capital market transactions, transfer pricing, private equity, real estate transactions as well as tax litigation.T: +41434346700 E: [email protected]