Successful Deals with PwC: The Aventinus foundation acquires Le Temps SA from Ringier Axel Springer Suisse SA.

Ringier Axel Springer Suisse SA is strategically refocusing its portfolio by selling Le Temps SA to Fondation Aventinus, effective January 1, 2021. The seller wishes to concentrate on its key publishing products. The acquisition of Le Temps by Aventinus, a non-profit foundation, will ensure the long term sustainability of the newspaper and safeguard its jobs. The editorial staff will move from Lausanne to Geneva.

The PwC Deals team initially supported Aventinus in the financial, operational and tax due diligence and was then involved in the SPA and negotiation support for an extended period of time. We are proud of having participated in this long journey and contributed to the preservation, independence and future development of the only foremost daily newspaper in French-speaking Switzerland. 


 

Successful Deals with PwC

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André  Maeder

André Maeder

Partner, Advisory, PwC Switzerland

Tel: +41 58 792 91 54