Swiss fintech startup Lend has successfully completed its Series A financing round hereby raising CHF 3.5m from Polytech Ecosystem Verntures and private angel investors.
Walder Wyss AG has acted as advisor to Lend in all legal aspects of the transaction. The team included Florian Gunz Niedermann (Partner, Corporate/Venture Capital) and Thomas Müller (Partner, Banking&Finance).
Cadwalader, Wickersham & Taft LLP has advised UK consumer loan platform Lendable on its first £100 million funding program from New York-based Waterfall Asset Management. The £100 million will be invested in loans made over Lendable's platform, which offers loans to prime and near-prime consumers in the UK.
The capital deployed by Waterfall represents one of the biggest ever institutional investments in loans originated through a European fintech platform and comes amid growing interest from US investors.
The London office of Debevoise & Plimpton LLP has advised Metric Capital Partners (“MCP”), a leading European private capital investor, in the successful first and final close of the MCP Private Capital Fund III (“MCP III”) at its hard cap of €850 million, following significant oversubscription. Aggregate commitments across all funds advised by MCP now total more than €1.5 billion.
The Firm is representing HNA Group Co. Ltd. in connection with its agreement to acquire from Old Mutual plc an approximately 24.95% ownership stake in OM Asset Management plc (NYSE: OMAM) for approximately $446 million in cash. The transaction is expected to close in the second half of 2017, subject to the satisfaction of customary closing conditions.
INOFEA AG in Basel, a company developing and commercializing a highly innovative nanotechnology platform to shield sensitive enzymes, successfully closed a financing round with contributions from returning as well as new private investors. INOFEA is a spin-out from the School of Life Sciences, University of Applied Sciences and Arts, Northwestern Switzerland (FHNW).
VISCHER with Dr. Matthias Staehelin (Partner) and Sebastian Flückiger (Associate), both Corporate, advise INOFEA.
We advised Eurofins Scientific, the global leader in food and environment testing, in its acquisition of the analytical laboratory business of Ramboll Group in Finland and Estonia comprising five laboratories specialised in environment testing.
The Hong Kong office of Debevoise & Plimpton has advised Capital Group in its acquisition of an equity stake in Intas Pharmaceuticals Limited (“Intas”), one of the largest pharmaceutical companies in India, from ChrysCapital, an India-focused private equity firm, through a competitive auction process.
Avaloq, an international fintech company and a leader in integrated and comprehensive banking solutions, announced on 22 March 2017 the entry into an agreement with Warburg Pincus, a global private equity firm focused on growth investing, pursuant to which Warburg Pincus acquires a shareholding of approximately 35% in Avaloq from existing shareholders. The transaction values Avaloq in excess of CHF 1 billion. Closing is expected in the second quarter of 2017.
Setterwalls has advised Kaching in connection with an investment from Creades amounting to SEK 15 million. Among the owners are founder Mathias Plank, Richard Båge, Rustan Panday and Daniel Soussan.
Kaching has in collaboration with Apple developed a digital and mobile checkout solution (Mobile Point of Sale) based on the iPad and iPhone. Kaching is going to start rolling out its solution towards Apple Premium Resellers in the spring of 2017.
Setterwalls’ team consisted of Anders Söderlind and Samuel Skybrand.
Bain Capital Private Equity, a leading global private investment firm, announced on March 27, 2017 that it has entered into a definitive agreement with Sealed Air Corporation (NYSE: SEE) to acquire Sealed Air's Diversey Care division and the food hygiene and cleaning business within its Food Care division, for approximately USD 3.2 bn.