Mobiliar acquires SwissCaution

Schweizerische Mobiliar, the oldest Swiss insurance company, has entered into an agreement for the acquisition of all shares in SC, SwissCaution SA, from its current shareholder.

SwissCaution, founded in 1991, is the first insurance company that offered rental guarantees without bank deposits to private and corporate customers. SwissCaution is today the leader in rental guarantees in Switzerland with more than CHF 40 million in premiums, more than 180'000 affiliated customers representing CHF 3 billion annual rental status and currently more than 40'000 new customers each year. The completion of the transaction is subject to regulatory approval.

Lenz & Staehelin advises Mobiliar in this transaction. The team is led by partner Andreas Rötheli (Corporate and M&A) and includes partner Jacques Iffland (Corporate and M&A) and associates Roman Graf (Corporate and M&A) and Sevan Antreasyan (Competition).