Team Members of Raiffeisen Switzerland provided a fairness opinion to the Board of Directors of both Infranor Inter AG and Perrot Duval Holing SA.

The Infranor Group concentrates on the automated execution of mechanical tasks. The main characteristic of the automated movement systems it designs, manufactures and sells is to drive and then control the multiple, precise, rapid and – often – synchronized movements which production machines, autonomous installations and equipment must perform in industrial production and in the process industry. Infranor specializes in intelligent mechatronics: the original products it manufactures (servomotors, speed reducers free from backlash, amplifiers, power regulators and numerical controls) are linked to professional software to which the group’s engineers bring their wide-ranging knowledge garnered from expertise in several professions.Perrot Duval Holding SA, will merge with its majority owned subsidiary Infranor Inter AG and thereby simplify its complicated capital structure.The deal was executed by current Raiffeisen Corporate Finance team members under the J. Safra Sarasin umbrella, prior to joining MidCap/Raiffeisen.

Raiffeisen

Advised in the sale of

Infranor Inter AG

to

Perrot Duval Holding SA

Industrials

MidCap Alliance