Deutsche Börse Group’s post-trade services provider Clearstream is expanding its offering in the funds space by acquiring Swisscanto Funds Centre Ltd., London (SFCL), from Swisscanto Holding Ltd, Zurich, a Zürcher Kantonalbank Group company.
Zürcher Kantonalbank will remain one of the main distribution partners of SFCL going forward. The transaction for a high double-digit million euro amount is expected to close within the third quarter of 2018.
Schellenberg Wittmer acted as lead counsel for the seller, Swisscanto Holding Ltd., and Zürcher Kantonalbank. The team at Schellenberg Wittmer consisted of partners Oliver Triebold (Corporate/M&A; overall lead), Lorenzo Olgiati (Corporate/M&A), Anita Schläpfer (Banking and Finance), David Mamane (Competition) and senior associates Marcel Jakob (Corporate/M&A) and Amalie Wijesundera (Competition).
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