Lenz & Staehelin: Vencora announces PTO for Crealogix publicly held shares

Vencora and CREALOGIX, a global player in digital banking technology, jointly announced today that they have entered into a definitive transaction agreement, under which Vencora agreed to submit an all-cash public tender offer to acquire all publicly held registered shares of CREALOGIX for CHF 60 per share. Vencora published its pre-announcement of the offer todayand which is conditional upon the receipt of regulatory clearances in certain jurisdictions and other customary conditions.

Vencora is an indirect subsidiary of Constellation Software, a Canadian-based international provider of software and services whose shares are listed on the Toronto Stock Exchange.

Lenz & Staehelin advises CREALOGIX in this transaction. The team includes partners Simone Ehrsam (pictured right) and Tino Gaberthüel (both M&A, pictured left) and Astrid Waser (competition) as well as associates Lukas Held, Arnold Romero and Alexandra Vraca (all M&A) and Sandro Travaglini (competition).

Homburger advises Vencora and CSI on the transaction. The team is led by Daniel Hasler (corporate / M&A) and comprises Micha Fankhauser, Carlo Sulser, Léonard Aeschlimann Perales, Oliver Kneubühl, Thierry Burckhardt, Héloïse De Jamblinne, Aron Belegu, Thomas Waidacher, Jana Waldvogel and Sabrina Vieli (all corporate / M&A), Manuel Baschung (financing and Investment Products), Richard Stäuber and Christoph Grüninger (both Competition, Regulatory), Joel Fink (IP / IT) and Giulia Menegon (employment and executive compensation).