NewGAMe launches partial tender offer on GAM

On July 18, 2023, NewGAMe SA announced the launch of its partial cash tender offer for up to 28,000,000 shares of SIX-listed GAM Holding AG.

NewGAMe SA is part of the NewGAMe-Bruellan investor group that holds a substantial stake in GAM. NewGAMe is majority held by Rock Investment, a company controlled by Mr. Xavier Niel. The investor group has also requested that an extraordinary general meeting of shareholders be convened to appoint a new slate of board members to lead GAM's turnaround.

Lenz & Staehelin advises NewGAMe SA on its tender offer and continues to advise the investor group on its shareholding in GAM. The team is led by partners Jacques Iffland, Tino Gaberthüel and Ariel Ben Hattar (all Corporate and M&A and Capital Markets) and includes Isy Sakkal (Banking and Finance), Frédéric Neukomm and Stanislas Cramer (both Tax), as well as Lukas Held, Emilie Jacot-Guillarmod, Jeremy Bacharach and Yaël Nahmani (all Corporate and M&A and Capital Markets).