CVC Capital Partners, one of the world's leading private equity investment and advisory firms, reached an agreement with freenet AG on March 17, 2016, to sell up to 24.56 percent of the shares in Sunrise Communications Group AG. The total transaction value amounts to approx. CHF 800 m. The closing of the transaction is expected to occur soon.

Freenet AG is the largest network-independent supplier of mobile communications in Germany. Sunrise Communications Group AG is listed on SIX Swiss Exchange AG and is the leading non-incumbent operator in both the mobile and landline retail voice market.

CVC Capital Partners has been advised by Homburger as legal counsel. The Homburger team was led by Claude Lambert (partner, Corporate | M&A) and comprised Flavio Romerio (partner, Corporate | M&A), Reto Heuberger (partner | Tax), Georg Rauber (partner | IP | IT), associates Karin Mattle, Anaïs Naescher and Daniel S. Weber (all Corporate | M&A) and associate Luca Dal Molin (IP | IT).