Baker McKenzie Advises Raiffeisen Schweiz Genossenschaft and Luzerner Kantonalbank AG on Financing of the Acquisition of Groupe Chaumont by Vam Investments

Baker McKenzie advised Raiffeisen Schweiz Genossenschaft and Luzerner Kantonalbank AG in connection with a term and revolving credit facilities agreement for Groupe Chaumont SA for the partial financing of the purchase price of the M&A transaction involving several Swiss watch components manufacturers to the luxury watch industry. The transaction brings EFTEOR SA, Le Composant SA, Henri Robert SA and Télôs Watch SA under the umbrella of Groupe Chaumont.

Vam Investments is a private equity operator specialized in consolidating fragmented markets to build national leaders via consolidation platforms. Led by Marco Piana, Vam has been active in Italy for over 14 years with an industrial, hands-on, and flexible approach. In the past five years, it has invested over €600 million in the mid-market space, supporting entrepreneurs and managers through growth, generational transition, and aggregation processes.

Baker McKenzie advised the lenders on all Swiss and Italian legal and tax matters of this transaction. Banking & Finance Partner Markus Wolf led the Baker McKenzie team, which consisted of Felix Maier (associate, Banking & Finance, Zurich), Andrea B. Bolliger (counsel, Tax, Zurich), Carlo de Vito Piscicelli (partner, Banking & Finance, Milan) and Edoardo Roversi (associate, Banking & Finance, Milan).