REYL & Cie successfully acted as sole lead manager regarding the capital increase of Varia Europe Properties AG (“Varia Europe”), a Swiss-based investment company focused on real estate.
The first day of trading of Varia Europe’s new registered shares and their delivery took place on Friday, 13 December 2019, on the BX Swiss exchange. The gross proceeds totalled more than CHF 29 million.
REYL & Cie was involved in the management of the rights and share offering process, the book building, and also acted as paying agent for the transaction.
Jaume Sabater, Member of the Board at Varia Europe: “Today’s capital increase on BX Swiss represents a turning point in our development. We are delighted to have chosen REYL & Cie as a partner of choice for the preparation of this important transaction, as they have brought valuable expertise and shown seamless teamwork. We look forward to collaborating further in the future.”
Xavier Ledru, Deputy-Head of Corporate Advisory & Structuring at REYL & Cie: “This transaction is a further milestone in the development of our Corporate Advisory & Structuring offering, particularly in equity capital markets where our team is able to offer a wide range of services to Swiss and international corporate clients. This transaction also marks a successful collaboration with Varia Europe, a valued client that we are proud to assist.”
Thomas Fontaine, Head of Entrepreneur & Family Office Services at REYL & Cie: “REYL’s participation in Varia Europe’s capital increase demonstrates the efficiency of our Entrepreneur & Family Office Services division’s 360-degree strategy to originate new clients to the Group. The smooth collaboration between the teams of all five REYL & Cie business lines is a testimony to our transversal approach and relentless aim to create long-term value for entrepreneurs.”