- The shareholders of Kaleido Privatbank AG have entered into a binding agreement with Trusted Novus Bank Limited regarding the sale of all of the shares of Kaleido Privatbank AG. The closing of the transaction is expected by year end 2022, subject to regulatory approvals.
- Kaleido Privatbank AG is a boutique private bank serving private and institutional clients. The award-winning boutique supports its clientele with innovative wealth structuring, wealth management and financing solutions.
- Trusted Novus Bank, established in 1855 and rebranded in 2020, is the oldest established bank in Gibraltar. The bank, which services more than 3,000 customers, offers a comprehensive set of banking products and services to private banking, corporate and retail customers.
- “I am deeply impressed by the future shareholder’s competence and the strong commitment to continue supporting and executing Kaleido‘s growth strategy,” says Rolf Bauer, CEO of Kaleido Privatbank AG.
- CFM acted as exclusive M&A advisor to the shareholders of Kaleido Privatbank AG.
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