Warburg Pincus takes 35 per cent stake in Avaloq
Private equity firm Warburg Pincus is to acquire a 35 per cent shareholding in Avaloq group, a fintech company specialising in banking solutions, from existing shareholders. The transaction values Avaloq in excess of CHF1 billion. Detailed financial terms have not been disclosed. Under the agreement, Warburg Pincus will partner