Herbert Smith Freehills Kramer Advised UBS Switzerland AG In Connection With SIX Exchange Group AG's Acquisition Of Aquis Exchange Plc
Herbert Smith Freehills Kramer advised UBS Switzerland AG in connection with SIX Exchange Group AG's acquisition of Aquis Exchange Plc
Herbert Smith Freehills Kramer advised UBS Switzerland AG, as the lender, on the financing for SIX Exchange Group AG's (SIX) completed acquisition of Aquis Exchange Plc (Aquis). The firm initially advised SIX on the proposed acquisition in November 2024.
SIX operates a fully integrated exchange value chain across the Swiss and Spanish financial centres and offers a diversified product portfolio for securities trading, stock market transactions, financial information and payment transactions across multiple geographies. Founded in 2012, Aquis is Europe's challenger next generation exchange and operates the Aquis Stock Exchange in the UK.
With this strategic acquisition, SIX is evolving into a truly pan-European exchange innovator at scale, with an aggregated market share of 15% and access to 16 capital markets across Europe. This positions SIX as the only exchange group providing listing venues in all major European financial centers, including Switzerland, the EU, and the UK. The combined businesses of SIX and Aquis will unlock new revenue streams by offering a seamless trading experience across multiple venues.
Will Nevin (Partner) said,
“We are delighted to have advised UBS as arranger and lender on the completion of this significant takeover financing. It has enabled us to combine the firm's public takeover expertise with our strong lender side acquisition finance practice and knowledge of the FIG space. This has been a very collaborative process and we look forward to continue supporting SIX on its growth strategy.”
The Herbert Smith Freehills Kramer team was led by partner Will Nevin, supported by senior associate Siqi Geng.
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