Aduno Group Acquisition of Revi-Leasing und Finanz AG

Cashgate Ltd., a subsidiary of Aduno Holding Ltd., has acquired 100% of the shares in Revi-Leasing und Finanz AG, a subsidiary of Valiant Holding AG, effective retroactively as of 1 January 2012. The parties have agreed not to disclose the purchase price.

Revi-Leasing und Finanz AG, a car leasing company, was founded in the Canton of Berne in 1984 and will be continued as a subsidiary of cashgate Ltd. All jobs at the Revi-Leasing und Finanz AG’s headquarter in Langenthal will be retained. Froriep Renggli represented both Aduno Group and its group company cashgate Ltd. (both Zurich), the latter being the formal buyer.

The firm regularly acts as transaction counsel in M&A/Transactions for the Aduno Group and has assisted them in various M&A, financing and corporate transactions over the last eight years.

M&A/Transaction partner Dr. Beat M. Barthold led the Froriep Renggli team which included partner Boris Wenger (Competition) and associate Philippe R. Stuber (M&A). Dr. Beat M. Barthold commented: “One of the difficulties was to assess and evaluate the portfolio of Revi-Leasing und Finanz AG and its associated risks which needed to be properly reflected and mitigated in the transaction documentation. Together with experts specialised in this particular financing world and a particular transaction structure combined with a smart share purchase agreement, these risks could be mitigated.”