On November 18, 2015, CA Technologies (NASDAQ: CA) announced that it has accelerated its common stock repurchase program, having agreed to repurchase 22 million shares of its common stock from Careal Holding AG, its largest shareholder, in a private transaction valued at USD 584 million.

Careal Holding used CA's share buyback program as an opportunity to rebalance Careal Holdings' assets as part of an overall reallocation while Careal Holding and its shareholders remain the principal shareholders of CA Technologies.

Furthermore, Careal Holding AG disclosed that Martin Haefner, one of Careal Holdings' co-principals, will obtain approximately 37 million shares of CA common stock with an aggregate value of approximately USD 984 million from Careal Holding to add to his personal investment holdings.

Homburger advised Careal Holding in the structuring of the transaction and on all legal aspects of the transaction as to Swiss law. The Homburger team consisted of partners Claude Lambert (Corporate | M&A) and Peter Riedweg (Tax), counsel Andrea Silvia Grimm Widmer as well as associate Roland Lüthy (both Corporate | M&A).