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Transaktionen

Sallfort/Heritage
  • Sallfort Privatbank AG (“Sallfort”) is a privately-owned Swiss based private bank focused on independent wealth management and advisory as well as exclusive private equity investments and M&A transactions for private clients.
  • Banque Heritage SA (“Heritage”) is a family-controlled financial group providing a comprehensive range of financial services and tailored investment products on a global scale.
  • Following a strategic review, the shareholders of Sallfort came to the conclusion that its long-term ambitions could be best executed by joining forces with an entrepreneurial partner featuring a compatible family heritage. In November 2018, the agreement to merge with Banque Heritage SA (“Heritage”) was signed, forming a private bank managing client assets of c.CHF 6bn.
  • CFM originated the merger and advised the shareholders of Sallfort exclusively on the transaction.
VPB / CATELLA
  • VP Bank (Luxembourg) SA (“VPB”) is a fully owned subsidiary of VP Bank AG, an internationally positioned private bank listed at the SIX Swiss Exchange.
  • Catella Bank SA (“Catella”) is a leading specialist in property investments and advisory, fund management and banking. Catella is a fully owned subsidiary of Catella AB (publ), a financial group listed on the Stockholm Stock Exchange.
  • Following a strategic review, Catella was exploring the potential sale of the bank’s wealth management business unit. In October 2018, VPB has entered an asset transfer-agreement to acquire the wealth management operations in Luxembourg from Catella. The transaction in the form of an asset deal involves the acquisition of about 10 employees and client assets of approximately CHF 900 million. The corresponding purchase price is about CHF 12 million.
  • CFM acted as financial advisor to VPB in this transaction.
LO/VONTOBEL
  • Bank Lombard Odier & Co Ltd (“LO”) is a leading global wealth and asset manager focused on providing solutions to private and institutional clients, as well as to other financial institutions.
  • In October 2018, LO announced a strategic wealth management partnership with Bank Vontobel AG (“Vontobel”) for international US-based private clients. As part of this partnership, LO will sell its existing discretionary and advisory wealth management business with US-based private clients through an asset transfer to Vontobel. In addition, Vontobel will take over any US-based brokerage private clients who wish to switch from their previous brokerage mandate to a wealth management or advisory relationship as part of the transaction. LO and Vontobel further entered into a cooperation agreement under which LO will recommend Vontobel as the preferred partner to potentially future private clients based in the US seeking a highly qualified, SEC-registered Swiss wealth management solution.
  • CFM advised LO exclusively as financial adviser in this transaction.
SCHRODERS/CBH
  • Schroder & Co Bank AG (“Schroders”) is a private bank with head office in Zurich and a branch in Geneva. It forms part of Schroders plc, a global asset manager headquartered in London. Schroder & Co Bank AG provides bespoke wealth management services to private individuals, family offices, external asset managers and charities.
  • Following a comprehensive review of its range of services provided to clients from Eastern European countries, Schroders decided that clients in this region would be better served by a bank that specialises in this geographic area. In summer 2018, the agreement to sell the Eastern European portfolio through an asset deal was signed with Compagnie Bancaire Helvétique (“CBH”). CBH has a long-standing banking tradition dedicated to wealth management and pursues a long-term growth strategy which is underlined by the strong organic and inorganic growth.
  • CFM advised Schroders exclusively on the sale of its Eastern European private banking business.
LB(SWISS) INVESTMENT/LLB
  • Frankfurter Bankgesellschaft (Schweiz) AG (“FBG”) is a Zurich-based private bank owned by Helaba, one of the leading banks in the financial centre of Frankfurt am Main. LB(Swiss) Investment AG (“LBSI”), a subsidiary of FBG, is a Zurich based fund management company regulated by FINMA and founded in 1995.
  • Liechtensteinische Landesbank (“LLB”) approached FBG regarding LBSI on the background of its dedicated strategy to offer fund management services in Switzerland. In February 2018, the agreement to sell LBSI was signed with LLB. FBG is convinced of the long-term oriented strategy, stability and client service quality of LLB. The transaction allows FBG to focus on private banking and LLB to enter the Swiss fund management market as well as to further strengthen the overall fund management business.
  • CFM was mandated by FBG as exclusive advisor to provide the whole range of M&A services.
M.M.WARBURG/SGKB
  • M.M.Warburg Bank (Schweiz) AG (“MMWB”) is an independent private bank owned by M.M.Warburg & CO (AG & Co.) KGaA, a German banking group, since 1996. The bank provides traditional private banking services to a predominatly private German and Swiss clientele.
  • The shareholders of MMWB decided to withdraw from the traditional private banking business in Switzerland. However, the group still retains a family office presence in Zurich (Private Client Partners AG). In November 2017 the agreement to sell a substantial part of its Swiss based private banking business through an asset deal with universal succession was signed with St.Galler Kantonalbank (“SGKB”). SGKB is a Swiss cantonal bank which offers the entire range of financial services and provides private banking services through a dedicated private banking offering.
  • CFM was mandated by MMWB as exclusive advisor to provide the whole range of M&A services.
LOMBARD ODIER/INSINGERGILISSEN
  • Banque Lombard Odier & Cie SA (“LO”) is a leading global wealth and asset manager focused on providing solutions to private and institutional clients, as well as to other financial institutions.
  • LO has undergone a strategic review and decided to exit its Dutch private banking business. In November 2017 the agreement to sell the Dutch business through an asset deal was signed with InsingerGilissen Bankiers N.V. (“IG”). Upon closing of the transaction, the entire Amsterdam based LO staff will join the buyer. IG is a member of KBL European Private Bankers and headquartered in Amsterdam. In October 2017, IG resulted from the merger between Bank Insinger de Beaufort and Theodoor Gilissen Bankiers.
  • CFM advised LO exclusively on the sale of its Dutch private banking business.
BELVEDERE/INTERESTA
  • Belvédère Asset Management AG (“Belvédère”) is an independent, FINMA regulated wealth management company founded in 2001 in Zurich. The company provides comprehensive wealth and art collection management as well as family office services to affluent private individuals and families.
  • Interesta AG (“Interesta”) is an independent wealth management company providing investment consulting, personal asset management and family office services. The company was established in 2009 in Glarus and has offices in Zug and Zurich. 
  • As of 2017 the two companies merged and combined their core competencies, forming one of the largest independent wealth management and family office services provider in Switzerland with CHF 2.4bn assets under management.
  • CFM advised Belvédère exclusively on the acquisition and subsequent merger with Interesta AG.
CBH/FIBI
  • CBH Compagnie Bancaire Helvétique SA (“CBH”) has a long-standing banking tradition dedicated to wealth management. It pursues a long term growth strategy, which is underlined by the strong organic growth of assets under management but is also committed to investigate external growth opportunities. The acquisition of the business of FIBI Bank (Switzerland) Ltd. allows CBH to significantly reinforce its activities in Zurich and in Israel.
  • FIBI Bank Ltd. decided to sell the business of FIBI Bank (Switzerland) Ltd. in December 2016, the asset deal with CBH was signed.
  • CFM advised CBH exclusively on the acquisition of selected clients assets
UNION BANK/PRIVATE INVESTOR
  • Union Bank AG (“UBAG”) is a small Liechtenstein based private bank. It was originally founded in 2008 under different ownership and name. The bank offers private banking and family office services to a domestic and international, in particular Eastern European clientele.
  • The shareholder of UBAG decided to open the share capital to an additional investor in order to expand the bank’s client base and to tap on further geographic markets. In 2016, an agreement was entered with a new majority shareholder.
  • CFM acted as exclusive financial advisor to the UBAG shareholder providing the whole range of M&A services.
CS/CIC
  • Banque CIC (Suisse) has a long-standing banking tradition dedicated to its retail and private banking clients. The universal bank pursues a growth strategy across Switzerland. 
  • Credit Suisse, a universal bank in Switzerland, performed a strategic review which lead to the conclusion that parts of its client book were deemed “non core”. As a result, Credit Suisse decided to offer the book containing client assets between CHF 2bn to 3bn for sale. In summer 2016 the referral agreement with the Banque CIC (Suisse) was signed.
  • CFM advised Banque CIC (Suisse) exclusively on the analysis and valuation of the client book and the negotiation of the referral agreement.
GOTTEX
  • LumX Group Limited (“LumX Group”), formerly known as Gottex Fund Management Holding is an independent provider of alternative multi-manager and multi-asset solutions and related advisory and risk management services for institutional clients.
  • In July 2016 LumX Group announced its successful recapitalization of the company under which it secured cash funding of CHF 12.7 million. Moreover, the company managed to convert large part of outstanding debt into equity.
  • CFM acted as exclusive financial advisor to support the recapitalisation and debt restructuring.
NORD/LBBW
  • NORD/LB Norddeutsche Landesbank (“NORD/LB”) is a universal bank in Northern Germany. NORD/LB was of the opinion that the depositary bank market in Germany is highly competitive and under increasing margin pressure. The business requires significant infrastructure and the demand towards economies of scale has triggered market consolidation among competitors. As the depositary bank business does not form part of NORD/LB’s core banking activities, the bank was no longer prepared to further invest into this business, and has therefore decided to sell it.
  • The business was acquired by Landesbank Baden-Württemberg (“LBBW”), which was with EUR 50bn of depositary bank assets prior to the transaction, one of the top ten players in the market. The acquisition enabled LBBW to increase the total volume of its depository business and to enhance its product offering.
  • CFM was engaged by NORD/LB as exclusive M&A advisor to sell the business.
AVB
  • AVB is an independent asset manager for private clients located in Zurich. The company was owned by 3 partners. 2 out of the 3 partners wanted to sell their shares and find a succession solution.
  • An independent asset manager, acting as a private person was interested to expand his business and reached an agreement with the shareholders of AVB to buy a majority stake.
  • CFM was exclusively mandated by AVB to manage the succession planning process and find a suitable solution.
CBH/ESPIRITO SANTO
  • CBH Compagnie Bancaire Helvétique SA (“CBH”) has a long-standing banking tradition dedicated to wealth management. It pursues a long term growth strategy, which is underlined by the strong organic growth of assets under management. 
  • Bancque Privée Espírito Santo (Suisse) was heavily affected by problems of the Espirito Santo group. As a consequence, the business of the Swiss bank had to be sold in a fire sale. In July 2014 the asset deal with CBH was announced. The whole transaction was closely monitored by FINMA.
  • CFM advised CBH exclusively on the acquisition of selected clients assets
HSBC/LGT
  • HSBC Private Bank (Suisse) S.A., an indirect wholly-owned subsidiary of HSBC Holdings plc, providing private banking services to a Swiss and international clientele. HSBC’s private bank has around 1’350 employees in Switzerland, where it managed around CFH 70 billion of client assets at the end of 2014. HSBC Private Bank (Suisse) decided, in line with its group strategy, to focus its business on selected core markets and regions. Albeit HSBC remains fully committed to Switzerland as a key international centre for its Global Private Banking Business, HSBC decided after a strategic review to divest those clients, which do not fall within their defined priority markets.
  • In June 2014, HSBC announced the sale of its non-strategic private banking portfolio in the form of an asset deal with universal succession. The portfolio of roughly USD 7 billion was bought by LGT Bank (Switzerland) Ltd, a wholly-owned subsidiary of the LGT Group Foundation.
  • CFM was mandated by HSBC Private Bank (Suisse) SA together with Rothschild & Sons Ltd as sell side advisor to provide the whole range of M&A services.
FALCON/EFG
  • Falcon Private Bank (“Falcon”) is a Swiss private banking boutique with 50 years of expertise in wealth management providing financial services to private clients and wealthy families. After a strategic review, Falcon decided to exit the Hong Kong based private banking business.
  • Falcon announced in the beginning of 2014 an asset deal whereby Falcon introduced its clients and certain employees of its Hong Kong branch to EFG International.
  • CFM was engaged by Falcon as exclusive M&A advisor to provide the whole range of M&A services.
GOTEX/E.I.M.
  • Gottex Fund Management (“Gottex”) is an independent provider of alternative multi-manager and multi-asset solutions and related advisory and risk management services.
  • Gottex acquired E.I.M SA in an all share deal. E.I.M. SA has been specialized for over 20 years in the development and management of tailored alternative and traditional multi-manager solutions for a variety of private and institutional clients.
  • CFM was mandated by Gottex to provide an independent report (“Internal Fairness Opinion”) to assess the fairness, from a financial point of view, of the transaction.
SGKB/HYPOSWISS/MIRELIS
  • St. Galler Kantonalbank (“SGKB”), a Swiss cantonal bank, offers the entire range of financial services to its clients and is providing private banking services through a dedicated private banking offering. SGKB is listed on the Swiss stock exchange and is the ninth largest universal bank in Switzerland. SGKB undertook a strategic review of the activities of the Group and decided to focus on its core businesses and exit certain private banking activities.
  • In June 2013, SGKB announced the sale of its Geneva subsidiary, Hyposwiss Private Banking Geneva SA, and the sale of the Eastern European and LATAM businesses of Hyposwiss Private Bank AG. The other parts of the business of Hyposwiss Private Bank AG, which are part of the core business of the SGKB group, will be integrated into the SGKB group.
  • CFM was engaged by SGKB as exclusive M&A advisor to provide the whole range of M&A services.
SGKB/HYPOSWISS/ESPTIRITO SANTO
  • St. Galler Kantonalbank (“SGKB”), a Swiss cantonal bank, offers the entire range of financial services to its clients and is providing private banking services through a dedicated private banking offering. SGKB is listed on the Swiss stock exchange and is the ninth largest universal bank in Switzerland. SGKB undertook a strategic review of the activities of the Group and decided to focus on its core businesses and exit certain private banking activities.
  • In June 2013, SGKB announced the sale of its Geneva subsidiary, Hyposwiss Private Banking Geneva SA, and the sale of the Eastern European and LATAM businesses of Hyposwiss Private Bank AG. The other parts of the business of Hyposwiss Private Bank AG, which are part of the core business of the SGKB group, will be integrated into the SGKB group.
  • CFM was engaged by SGKB as exclusive M&A advisor to provide the whole range of M&A services.
SGKB/HYPOSWISS/FALCON
  • St. Galler Kantonalbank (“SGKB”), a Swiss cantonal bank, offers the entire range of financial services to its clients and is providing private banking services through a dedicated private banking offering. SGKB is listed on the Swiss stock exchange and is the ninth largest universal bank in Switzerland. SGKB undertook a strategic review of the activities of the Group and decided to focus on its core businesses and exit certain private banking activities.
  • In June 2013, SGKB announced the sale of its Geneva subsidiary, Hyposwiss Private Banking Geneva SA, and the sale of the Eastern European and LATAM businesses of Hyposwiss Private Bank AG. The other parts of the business of Hyposwiss Private Bank AG, which are part of the core business of the SGKB group, will be integrated into the SGKB group.
  • CFM was engaged by SGKB as exclusive M&A advisor to provide the whole range of M&A services.
PRIVATE INVESTOR/LAMDA
  • Lamda Privatbank AG was a Liechtenstein based private bank headquartered in Vaduz. It was established in 2008 and granted the banking license in 2009. The bank has been offering independent investment advisory and discretionary mandates to wealthy private individuals, focusing on both Liechtenstein and European clients. In 2012, its shareholder Lavrentiadis Family Trust, being under some external pressure, decided to find a new shareholder for the bank.
  • In 2013, a Private Investor entered into an agreement to acquire 100% of the shares of Lamda Privatbank.
  • CFM was mandated exclusively by the Private Investor to support the acquisition process.
BGG/CREDIT ANDORRA
  • Banque Genevoise de Gestion’s origins go back to 1968, when it was founded as a financial advisory firm. Twenty years later, in order to expand the company’s sphere of operation, its founder decided to establish a bank in the purest Swiss tradition. To further leverage and grow the existing platform to the next level both in terms of size and profitability, BGG has entered into a dialogue with suitable potential partners.
  • In 2013 BGG announced that they entered into an agreement with Crèdit Andorrà, Andorra’s largest financial group specializing amongst other also in private banking services, to sell a strategic minority stake.
  • CFM was mandated by BGG to search for such a new shareholder and to conduct the process of selling the shares of BGG.
SECQUAREO/SCHRODERS
  • Secquaero Advisors Limited (“Secquaero”) was founded in 2007 and has since then established itself in the field of ca. 20 managers worldwide who are specialized in the area of insurance securitization and risk assessment. Secquaero was approached by Schroders who intended to support the further growth with its distribution power.
  • In 2013, it was announced that Schroders acquired in an initial phase 30% of Secquaero and starts to offer Insurance Linked Securities for Institutional clients.
  • CFM was mandated by Secquaero as financial advisor to support the transaction.
GAC/ASSET MANAGEMENT CONSULTING
  • GAC Beteiligungen is the holding company of a number of financial services companies in the area of asset and fund management, including IFAG Institutionelle Fondsleitung AG and Accuro Group. The shareholder of Asset Management Consulting, a leading Swiss issuer of certificates was seeking a succession solution.
  • The shareholders of Asset Management Consulting were looking for a succession solution. With GAC Beteiligungen AG, a buyer was found who was also a former client of Asset Management Consulting. The transaction included to secure the long-term of the founder of Asset Management Consulting.
  • CFM was engaged by Asset Management Consulting AG as exclusive financial advisor.