Switzerland: M&A/Private Equity

On 26 September 2025, the Swiss Parliament adopted the Federal Act on the Transparency of Legal Entities and the Identification of Beneficial Owners (the "Legal Entities Transparency Act", "LETA").

The STEF Group, the French listed specialist in the logistics and transport of food products, has announced the completion of the acquisition of Christian Cavegn AG by its Swiss subsidiary STEF Suisse SA. 

After a sharp downturn in 2023, both by deal count and by deal value, the Swiss M&A market showed signs of resilience and recovery in 2024...

Kellerhals Carrard is pleased to have advised b-rayZ AG, a Swiss medtech company specializing in AI-powered breast imaging solutions, on its recent strategic partnership with Affidea Group, a leading European provider of provider of community-based polyclinics, specialist services and advanced diagnostics.

The FCPA enforcement pause ordered in February 2025 by President Trump is over. The new FCPA enforcement guidelines signal a more targeted enforcement approach by the DOJ, which may potentially be more vigorous than before...

Maestrani Schweizer Schokoladen AG, one of Switzerland's oldest chocolate manufacturers, has acquired Delafaille, an internationally oriented family business specialising in the production of Belgian...

On 29 January 2025, the Swiss government, i.e. the Federal Council, lifted Swiss protective measures introduced when the European Union ("EU") refused to recognise Swiss stock exchanges as equivalent.

Distressed transactions increasingly mark the Swiss M&A landscape. An important piece in the Swiss restructuring toolbox is the sale of parts or all of the business under court supervision during a composition moratorium.

Open-source software is indispensable in many companies today, but can lead to various legal risks in commercial distribution or M&A transactions.