Swiss M&A & Private Markets Research
Independent Intelligence.
Decisive Perspectives.
Deal Snapshots on Swiss M&A, private equity and real estate. One transaction, one page, read in minutes.
Valstron — Zurich
Independent research on transactions, capital and ownership. Written for the people who decide, and designed to be read in minutes.
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One transaction. One page.
No forty-page decks. Every Snapshot breaks a transaction down to the facts, the logic and the judgement that matter, on a single page.
- 01
At a glance
Parties, the headline and the four figures that define the deal, before a single paragraph.
- 02
The story
An executive summary in three points, and why the transaction matters.
- 03
The mechanics
Structure, key terms and timeline, set out in one compact table.
- 04
The judgement
Valstron's reading of value, risk and what to watch, informed by practitioners where available.
- 05
The sources
Every figure traced to a public source, listed on the same page.
Recent Deal Snapshots.
- Announced6 October 2025 Real EstateCopré / SFP. A pension fund hands over its real estateCopré, the Pension Fund of Western Switzerland, moved a portfolio worth almost CHF 1 billion into a dedicated investment group at the SFP Investment Foundation. We read why pension funds outsource their property, and what the structure means.
- First trading day19 September 2025 Private EquitySMG Swiss Marketplace Group. A joint venture goes publicTX Group, Ringier, Mobiliar and General Atlantic built Switzerland's leading online marketplaces in a joint venture formed in 2021. In September 2025 they took it public on SIX. We read the offer and the investment case.
- First trading day23 June 2025 M&AHolcim / Amrize. Splitting a building materials group in twoHolcim spun off its North American business as Amrize, listed in New York and Zurich on 23 June 2025. We read why separation was expected to create value, and how it was done.
- Announced22 April 2025 M&AHelvetia Baloise. Two Swiss insurers become oneHelvetia and Baloise combined in an all-share merger of equals, creating Switzerland's second-largest insurance group. We read the structure, the synergy case and what is still to be proven.
The Valstron Brief
Every new Snapshot, the day it is published.
- 01New Deal Snapshots, the moment they appear
- 02Selected perspectives from practitioners
- 03New positions at Valstron, announced here first
Three arenas of private capital.
First-hand perspectives.
Valstron is in conversation with professionals close to the transactions it covers. Their view from first hand adds what the public record cannot.
- 01ConversationConfidential briefings with practitioners who know the deal and the sector.
- 02ContextThe motives, the process and the judgement calls behind the filings.
- 03AttributionPerspectives appear with the contributor's name, alongside the Snapshot they inform.
- 3Research arenas
Mergers & acquisitions, private equity and real estate.
- 1Page per transaction
Every Deal Snapshot is written to be read in minutes.
- 100%Claims sourced
Our standard: every claim traced to a source we list.
- 0Mandates held
No capital to deploy and no deals to win.
Primary sources — company filings · commercial registers · regulatory announcements
Independent by design.
Clarity and structure for individual private-market transactions, written to be read in minutes.
- IndependenceNo mandates, no capital, one perspective: our own.
- SourcingEvery figure traced to its origin.
- PrecisionOne transaction, one page, no noise.
- DiscretionConversations with practitioners stay private.
David BaburiFounder & Head of Research
Build the research with us.
We are forming a small team of analysts in Zurich who read transactions closely and write with precision.
Open positions0
No open positions at the moment.
New roles are announced first in The Valstron Brief. Subscribe and you will hear the moment a position opens.