Youngone Corp. acquires 20 percent stake in SCOTT
9. Juli 2013 – SCOTT Corporation SA, the Swiss holding company of the SCOTT Group which is specialized in the development, manufacturing and sales of high-end bikes and other sporting goods, and Youngone Corporation, a Seoul based listed joint stock corporation activ in the field of outdoor and functional garment, have entered into an investment agreement pursuant to which strategic investor Youngone acquires a 20 percent stake and injects USD 40 million in SCOTT. The capital increase has been registered on 9 July 2013.
Walder Wyss acted as legal advisor to SCOTT. The Walder Wyss team was co-lead by Markus Vischer (Partner, M&A) and Lucas Hänni (Managing Associate, M&A) and further included Samuel Dürr (Partner, Tax), Reto Jacobs (Partner, Antitrust), Samuel Klaus (Associate, IP), Fabienne Claudon (Associate, Corporate) and Andrea Schmoker (Associate, Corporate).