Bär & Karrer advises Duck Creek on the acquisition of Imburse
The Boston based company Duck Creek Technologies has entered into a share purchase agreement regarding the acquisition of the shares of Imburse from its founders and investors. Imburse is a Swiss based developer and provider of a modern payments platform for the insurance industry. Imburse’s cloud-native software-as-a-service (SaaS) payment solution is built for the insurance industry, bringing greater ease and efficiency into end-to-end insurance transactions.
As part of Duck Creek, Imburse would continue serving its existing client base and markets, while accelerating expansion plans for new clients across Europe and into North America and Asia-Pacific.
Bär & Karrer acts as Swiss legal advisor to Duck Creek Technologies in this transaction. The team is being co-led by partner Christoph Neeracher (pictured left) and associate Elisabeth Rinderknecht (pictured right) and includes Yascha Fengler, Djawad Kleist and Leander Knapp (all m&a), Markus Wang and Jonas Bornhauser (both IP/IT), Luca Jagmetti, Laura Widmer and Luljeta Morina (all employment), Rehana Harasgama (data protection), Daniel Flühmann (banking / regulatory), Susanne Schreiber and Martin Leu (both tax) as well as Ruth Bloch-Riemer and David Weimann (both social security / pensions).
Skadden, Arps, Slate, Meagher & Flom acts as lead advisor to Duck Creek Technologies in this transaction.