The acquisition, first announced on March 22 this year, valued Avaloq in excess of CHF 1 billion ($1 billion). According to the agreement, Avaloq will be able to capitalize on Warburg Pincus’ expertise and network in the financial services and fintech sectors.
As part of the terms of the partnership, Warburg Pincus will nominate two individuals to sit on Avaloq’s board of directors.
Avaloq founder and CEO, Francisco Fernandez, will also take on the role of chairman, while Jürg Hunziker will se
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails