Private equity firm Warburg Pincus has completed its acquisition of a 35 per cent stake in tfintech company Avaloq, a specialist in integrated and comprehensive banking solutions.
Under the partnership announced on 22 March 2017, Avaloq will be able to capitalise on Warburg Pincus’ expertise and network in the financial services and fintech sectors to accelerate the company’s long-term growth and value creation strategy.
