Avaloq completes transaction with Warburg Pincus to accelerate growth
- M&A Deals
- 15.06.2017 09:45 am
Avaloq, an international fintech company and a leader in integrated and comprehensive banking solutions, announces that it has completed its transaction whereby global private equity firm Warburg Pincus acquires a 35% stake in the group.Under the partnership announced on 22 March 2017, Avaloq will be able to capitalise on Warburg Pincus’ expertise and network in the financial services and fintech sectors to accelerate the company’s long-term growth and value creation strategy.
The Avaloq group is an internationally leading fintech company. With its core banking software, the Avaloq Banking Suite, and its international network of BPO centres, Avaloq brings trustworthy and efficient banking to the world, delivered through great user experience.
With its integrated BPO services, Avaloq is the only independent provider for the financial industry to both develop and operate its own software.
Avaloq’s growing ecosystem comprises:
§ Over 2’000 employees (FTEs) from 66 nationalities;
§ 3 R&D centres in Zurich, Edinburgh and Manila, and 3 BPO centres in Lugano, Singapore and Berlin;
§ More than 500 third-party developers that co-innovate with Avaloq;
§ 155 banks and wealth managers in the most important financial centres worldwide which have chosen Avaloq technology to manage client assets worth over 4’000 bn CHF;
§ 270 Raiffeisen banks in Switzerland which are served by ARIZON, a joint-venture of Raiffeisen Switzerland and Avaloq with over 300 employees
Headquartered in Switzerland, Avaloq has branches in Berlin, Edinburgh, Frankfurt, Hong Kong, Leipzig, London, Lugano, Luxembourg, Madrid, Manila, Nyon, Paris, Singapore, Sydney and Zurich.