BSI SA, a Swiss private bank with headquarters in Lugano sold its 49% stake in B-Source SA, a BPO provider headquartered in Bioggio, to Avaloq AG, a financial services and banking software provider headquartered in Zurich, for an undisclosed consideration. The transaction was closed in early February 2016. B-Source SA is soon to be renamed Avaloq Sourcing Switzerland SA.

BSI SA was advised by Lenz & Staehelin in this transaction. The team included Hans-Jakob Diem (Partner), Harold Frey (Partner) and Nicolas Jacquemart (Associate).