Homburger advises Temenos on Multifonds sale
Zurich-based Homburger advised Swiss softwares company Temenos on the sale of its platform Multifonds to Montagu Private Equity.
The context
Headquartered in Geneva, Temenos serves the global banking market with enterprise software solutions. Its subsidiary platform Multifonds provides fund accounting and investor servicing tools, managing over 30.000 funds across 35 different jurisdictions.
In connection with the transaction, Temenos ceded the Multifonds platform to Montagu, a mid-market private equity firm. The parties agreed a total enterprise value of around USD 400 million, including an earn-out.
Temenos announced Multifonds’ sale to Montagu Private Equity, for a total Enterprise Value of around USD 400 m including an earn-out.
The team
Corporate and M&A partners Dieter Gericke (pictured left) and Daniel Häusermann (pictured right) led the Homburger team on the matter, working alongside associates Nicola Togni, Romain Hondius, Thomas Romelli, Luca Ellenberger and Miriam Oelgarth (all corporate / M&A). Partner Gregor Bühler with associates Philippe Baumann and Kristina Martinovic (all IP / IT, technology and digital economy) further contributed to the effort, as well as partner Richard Stäuber and associate Christoph Grüninger (both competition/regulatory). Partner Stefan Oesterhelt managed all tax-related aspects of the transaction, together with associates Laetitia Fracheboud and Juliette Buob. .
