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Punctual like?a?Swiss?watch?comes Legalcommunity CH’s Thursday newsletter with this week’s news highlights…
This week has been marked by new beginnings: Squire Patton Boggs has opened its office in Geneva, it is the 17th European location of the law firm. Financial services partner and Commodities & Shipping group co-head Kate?Sherrard?will lead the office, which will focus on building around core strengths including commodities & shipping, international trade, international dispute resolution, government investigations, and sanctions. Read more.
?MLL Legal advised the Marxer family, the previous anchor shareholder of Belvédère Asset Management (BAM), on the buyback of their stake in BAM from the former Fundamenta Group’s founders. The stakes of Luzerner Kantonalbank and other shareholders in BAM remained unchanged. Read more.
?Homburger?advised Blume Equity, a climate tech growth investor, which participated in Neustark’s USD 69 million funding to expand carbon removal solution globally. The growth equity round was led by Decarbonization Partners, a partnership between BlackRock and Temasek, and will reinforce neustark’s continued growth path and support their mission to permanently remove 1 million tons of CO2 in the year 2030. Read more
In the biotech sphere, BGPartner?advised Novo Holdings, EQT, OrbiMed and SR One on $100 million Series C financing of Swiss biotech company Asceneuron, represented by?Lenz & Staehelin Geneva. The financing round was led by Novo Holdings with new investment from EQT Life Sciences – LSP Dementia Fund, OrbiMed and SR One Capital Management, alongside participation from existing investors Merck Serono, Sofinnova Partners,?GSK Equities Investments and Johnson & Johnson Innovation – JJDC. Read more
?There was plenty of other news this week, but some of the most important included the following: