Warburg Pincus, a leading global private equity firm, and other shareholders have sold their shares to NEC Corporation in an acquisition which valued Avlaoq at CHF 2.05 billion. Avaloq is an internationally leading FinTech company based in Switzerland.
Bär & Karrer acted as co-legal counsel to Avaloq and as Swiss counsel to Warburg Pincus, one of the selling shareholders, in this transaction. The team included Michael Trippel, Daniel Küpfer und Frédéric Mancosu (all M&A), Lukas Roesler (Financing), Laura Widmer and Fanny Sutter (both Employment), Vera Naegeli (Compliance & Regulatory), as well as Jonas Bornhauser and Tobias Rebmann (both IP).
Kirkland & Ellis acted as international counsel to Warburg Pincus. Witzel Erb Backu & Partner Rechtsanwälte acted as German legal counsel, Stephenson Harwood as UK legal counsel and Rajah & Tann as Singapore legal counsel to Avaloq.
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