OC Oerlikon Corporation AG (SWX:OERL) signed a definitive agreement to acquire Riri SA on December 15, 2022. The transaction is subject to regulatory approvals and standard closing conditions. The transaction is expected to close in the first quarter of 2023. Credit Suisse Group AG (SWX:CSGN) acted as financial advisor and Daniel Hasler, Dieter Grünblatt, Peter Müller and Richard Stäuber of Homburger AG acted as legal advisor to OC Oerlikon Corporation AG in the transaction. Lenz & Staehelin acted as legal advisor to Riri. Lenz & Staehelin team is led by Stephan Erni (Corporate and M&A) and includes Iliana Djagova and Louis Probst (both Corporate and M&A) as well as Pascal Hinny, Franziska Stadtherr and Lukas Aebi (all Tax). Stephan Grueber of KPMG AG, Schweiz acted as financial advisor and due diligence provider to OC Oerlikon Corporation AG (SWX:OERL).

OC Oerlikon Corporation AG (SWX:OERL) completed the acquisition of Riri SA approximately CHF 360 million on February 28, 2023. Under the terms of agreement, the total purchase consideration for the acquisition of Riri amounts to CHF 363 million and includes CHF 250 million paid in cash for the shares and CHF 113 million paid in cash for a convertible debt instrument. Consideration is along with net of cash acquired CHF 11 million.