QIA Acquires Minority Stake in Sauber
Deal News | Dec 09, 2024 | Legal Community Swiss
Niederer Kraft Frey (NKF) has provided legal advisory services to the Qatar Investment Authority (QIA) regarding its acquisition of a minority stake in Sauber Holding. This strategic move is intended to bolster the Formula 1 initiatives of the German car manufacturer, Audi, through enhanced infrastructure and team expansion. The transaction is contingent upon receipt of customary regulatory approvals. NKF's advisory team was led by corporate and M&A partner Daniel Bono and included a roster of associates and partners across various specializations, including antitrust and competition, employment, and tax. Michael Schweppe, a senior in-house counsel, advised QIA on the transaction's legal intricacies.
Sectors
- Automotive
- Investment & Finance
- Legal Services
Geography
- Switzerland – Sauber Holding is a Swiss entity, and the legal advisory services were focused on Swiss law-related aspects.
- Qatar – Qatar Investment Authority, the sovereign wealth fund making the acquisition, is based in Qatar.
Industry
- Automotive – The involvement of Sauber Holding, linked to Audi's Formula 1 endeavors, places this transaction within the automotive sector.
- Investment & Finance – Qatar Investment Authority's acquisition of a minority stake represents a financial investment, central to this industry's activities.
- Legal Services – Niederer Kraft Frey's role as a legal advisor on Swiss law aspects classifies this transaction within the legal services sector.
Financials
- Not Disclosed – The financial terms of the minority stake acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Niederer Kraft Frey (NKF) | Legal Advisor | Company | NKF advised QIA on Swiss law-related aspects of the acquisition. |
| Qatar Investment Authority (QIA) | Acquirer | Company | QIA acquired a minority stake in Sauber Holding. |
| Sauber Holding | Target Company | Company | The company acquiring investment from QIA, linked to Audi's Formula 1 initiatives. |
| Daniel Bono | Corporate/M&A Partner | Person | Led NKF's advisory team for QIA. |
| Michael Schweppe | Senior In-house Counsel | Person | Advised QIA in the transaction. |