Bär & Karrer with Gonet and ABS on ONE swiss bank acquisition
Bär & Karrer advised Gonet & Cie, a Swiss private bank founded in Geneva in 1845, on its acquisition and subsequent merger by absorption of ONE swiss bank, a Swiss private bank with offices in Geneva, Lugano and Zurich, and a subsidiary in Dubai.
The deal
The news follows the announcement of the transaction in November 2024 and the approval of the project by the Swiss Financial Market Supervisory Authority (FINMA).
Pursuant to the deal, the newly formed entity operates under the single brand name “Gonet” within the Arab Bank Switzerland Group, managing nearly CHF 12 billion in assets.
The Bär & Karrer team
Bär & Karrer acted as legal advisor to Gonet and Arab Bank Switzerland Group (ABS) throughout the acquisition and merger process. Martin Anderson (pictured) led the firm’s team on the matter, working alongside Teymour Bakhtiar (both M&A and banking), Christoph Suter and Alice Johnson (both tax) as well as Laura Widmer and Marc Paronitti (both employment).
