On April 10, 2017, New Access SA ("New Access"), Geneva, Switzerland, a company controlled by the private equity fund BlackFin Capital Partners, announced that it signed an agreement to acquire FIS group's Ambit Private Banking business. New Access provides front-office solutions to private banks, including a portfolio management system, a document management system, and a customer relationship management system.
The Ambit Private Banking business provides a comprehensive suite of software solutions designed to help Swiss and international private banks to build a strong competitive advantage. The solution suite includes core banking, client management, analysis and control, market management, fund accounting and alternative investments solutions.
Homburger acts as lead counsel to New Access and its controlling shareholder BlackFin Capital Partners. The Homburger team is led by partner Frank Gerhard (Corporate | M&A) and includes partner Jürg Frick (Financial Services), lead associate Guy Deillon (Corporate | M&A), associates Roman Perrig, Sévérine Frunz (both IP | IT) and Vincent Delaloye (Corporate | M&A).