On 6 May 2025, Rieter and OC Oerlikon announced that they have signed a definitive agreement with Rieter to acquire the Barmag textile machinery business for manmade fibers from OC Oerlikon at an enterprise value of CHF 850 million with an earn-out of up to CHF 100 million. The acquisition financing is secured by a bridge loan facility. Refinancing of the bridge facility will happen through a fully underwritten CHF 400 million rights issue with tradable subscription rights, a CHF 77 million non-pre-emptive private placement which is fully committed and subscribed by Rieter’s two largest shareholders and a bank financing. UBS underwrites the bridge loan facility and acts as Sole Global Coordinator, Sole Bookrunner and Sole Manager of the capital increase.
Advestra advises UBS on all aspects of the volume underwriting, the capital increases and the bridge loan facility in connection with the acquisition financing. The team is led by Alexander von Jeinsen and Sandro Fehlmann and includes Thomas Reutter, Beau Visser, Mariëlle van Nimwegen, Jill Iten and Chaiyakham Laksanaporn.