GrazianoFairfield AG launches IPO on SIX Swiss Exchange

Niederer Kraft Frey advised UBS and the other members of the offering syndicate in connection with OC Oerlikon’s initial public offering of its Drive Systems Segment under the name of GrazianoFairfield AG on the SIX Swiss Exchange that launched today. Based on nearly 100 years of experience, GrazianoFairfield is a global leader in providing high-performance gears, market-leading shifting solutions, power transfer units (PTUs), differentials and planetary drives, as well as innovative solutions for hybrids and e-drives.

The initial public offering GrazianoFairfield AG consists of 8,695,000 existing shares with an over-allotment option of up to 1,305,000 existing shares from the current sole shareholder OC Oerlikon. The price range for the offered shares has been set at CHF 48 to CHF 62 per share, implying an equity value of CHF 480 million to CHF 620 million. UBS is acting as the Sole Global Coordinator and Bookrunner. Berenberg, Jefferies, Vontobel and Zürcher Kantonalbank are acting as Co-Bookrunners. The syndicate also includes Kepler Cheuvreux and MAINFIRST as Co-Managers, and Octavian as Selling Agent.

The NKF team was led by partner Philippe Weber, working with partner Till Spillmann, counsel Christina Del Vecchio, associate Deirdre Ní Annracháin and junior associates Isilay Dagdelen and Pascal Hodel, all Capital Markets.