Gilde Buy Out Partners AG announced that it has reached an agreement to sell Spandex AG to Chequers Capital.

Headquartered in Switzerland, the Spandex-group is a leading distributor of graphic media and equipment to the signage and visual communication industry. Spandex has leading market positions in 13 European countries and in Australia. Completion of the transaction is subject to merger clearance and other customary conditions and is expected to be finalized early 2016. Financial terms of the transaction are not disclosed.

Gilde Buy Out Partners AG has been advised by Homburger as legal counsel with respect to Swiss law. The Homburger team was led by partner Dieter Gericke (Corporate | M&A) and comprised partners Stefan Oesterhelt (Tax) as well as associate Eric Sibbern (Corporate | M&A).