Avaloq lays groundwork for 2020 sale
Swiss firm’s divestment from Warburh Pincus is picking up steam.
Swiss firm’s divestment from Warburh Pincus is picking up steam.
Warburg Pincus to rebrand new acquisition four months after regulatory approval.
The IPO will make at least 25% of its issued share capital on the LSE.
Warburg Pincus opens its fintech warchest yet again.
Warburg Pincus is busy again with the acquisition of a 55% share.
Raiffeisen, the third largest banking group in Switzerland, is selling its 10% stake in core banking tech vendor Avaloq to private equity firm Warburg Pincus.
Private equity (PE) firm Warburg Pincus has acquired a 35% shareholding in Avaloq from existing shareholders – with the deal a first step towards a potential public listing. The transaction values Avaloq in excess of CHF 1 billion ($1 billion). Detailed financial terms are not being disclosed, but Francisco Fernandez, CEO at Avaloq, retains a […]
Swiss core banking software vendor Avaloq is prepared to tap into the potential of blockchain and Bitcoin over the next 12 months as it seeks to experiment and innovate more in these areas.
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