IK Partners, a leading European private equity firm, acquired a majority stake in Cinerius Group. Cinerius is a Switzerland-based leading platform for independent wealth managers in German-speaking European regions. The previous majority investor Summit Partners and the management continue to hold a significant stake in the group.
Bär & Karrer acted as Swiss legal advisor to IK Partners in this transaction. The team was co-led by Christoph Neeracher and Philippe Seiler and included Luca Jagmetti, Elisabeth Rinderknecht, Luzius Bill, Yascha Fengler and Marc Bär (all M&A), Daniel Flühmann, Reto Kuoni, Jan Häring and Elias Hepp (all Regulatory), Susanne Schreiber and Fabian Capt (both Tax), Thomas Stoltz and Fabian Turtschi (Notarial Services), Lukas Roesler (Financing), Ruth Bloch-Riemer and Marco Weiss (both Social Security/Pensions), Christine Schweikard (IP/IT) as well as Rehana Harasgama (Data Protection).
The Latham & Watkins team led by Nils Röver and Susanne Decker acted as international counsel to IK Partners in this transaction.