Youngone Corp. acquires 20 percent stake in SCOTT
11 luglio 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).