On May 4, 2016, Sonova Holding AG ("Sonova") announced that they entered into an agreement with HAL Investments B.V. to acquire AudioNova International B.V. ("AudioNova"). AudioNova is one of Europe's largest hearing aid retailers, operating over 1,300 stores in 8 countries. The purchase consideration will be paid in cash and values AudioNova at EUR 830 million. The closing of the transaction is subject to regulatory approval and expected in the second half of 2016.

Homburger advised Sonova as to Swiss law. The Homburger team was led by partner Jürg Frick (Financial Services) and included partner Dieter Grünblatt (Tax), counsel Eduard De Zordi as well as associate Simone Gloor (both Financial Services).