Cembra Money Bank acquires cashgate AG
Niederer Kraft Frey advised the arrangers on the committed bridge facility and a term loan for Cembra Money Bank to finance the acquisition of cashgate AG and the refinancing of the balance sheet liabilities of cashgate AG amounting to around CHF 1.4 billion as of closing of the transaction.
Cembra Money Bank, with its headquarters in Zurich Altstetten, is one of the leading Swiss providers of financial products and financial services. In Switzerland, it has over 800 employees, drawn from more than 38 nations.
As part of the Aduno Group, cashgate AG is a public limited company specialising in credit and leasing and offers financing and security services for private customers and sales partners.
The NKF team was led by Finance partner Marco Häusermann, working with Tax partner Markus Kronauer and associate Jonas Stähli (Finance).