Deals & Cases

Deals & Cases

September 2018

Aduno Group acquires majority stake in Accarda and becomes sole shareholder

For more than ten years, Accarda, the leading independent processor and issuer of private label cards in Switzerland, was a joint venture between Maus Frères SA and Aduno Holding AG. On 20 September 2018 Aduno as the prevailing bidder in an auction process announced that it agreed to acquire 70% of the shares in Accarda currently held by Maus Frères, thereby becoming the sole shareholder of Accarda. Maus Frères considers Aduno as the ideal partner to successfully develop the long-standing business relationship of Accarda with Manor and Jumbo.

Lenz & Staehelin is advising Maus Frères and its affiliates Manor and Jumbo in this transaction. The team includes Beat Kühni (overall & lead) and Dominik Kaczmarczyk, Andreas Hinsen, Fabiano Menghini and Marc Zimmermann (all Corporate and M&A).

 

 

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