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Cembra Money Bank SFr277 million acquisition of Cashgate

3/7/2019
Public acquisition
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SFr 277 million

$ 272.014 million

Announced

3/7/2019

Overview:

  • Swiss financial services company Cembra Money Bank is set to acquire cashgate, a Swiss consumer leasing and credit provider, from Aduno Holdings for SFr277 million.
  • The takeover will see Cembra Money Bank increase its personal loans and auto leases portfolio by SFr1.4 billion.

Rajeeb Gurung - Researcher

Jurisdiction:

Switzerland

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Banking
Financial services

Firms:
Lenz & Staehelin

Party: Cembra Money Bank (Acquirer)

Walder Wyss

Party: Aduno (Seller)

Lawyers: Lukas Wyss, Markus Pfenninger

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