NKF is advising Tokyo-listed NEC Corporation in its acquisition of Avaloq Group

Niederer Kraft Frey is advising Tokyo-listed NEC Corporation in its acquisition of Swiss financial software company Avaloq Group. The acquisition is expected to be worth CHF 2.05 billion and to be completed by April 2021, following the confirmation of necessary procedures and approvals for each organisation.

NEC focuses on Solutions for Society businesses that utilise the strengths of ICT to enhance social infrastructure. NEC’s biometric and AI technologies are driving the expansion of business globally, mainly in the digital government field, and help to promote safe, secure, fair, and efficient communities. NEC is now shifting more attention towards SaaS business models that utilise software capable of being horizontally deployed. Avaloq operates globally in digital banking solutions and is at the forefront of financial DX as a software developer for financial institutions largely centered in Switzerland, but reaching across more than 150 customers in 30 countries worldwide.

The team

The NKF team is led by partner Philippe Weber (pictured), working with senior associate Deirdre Ní Annracháin, associates Samuel Hochstrasser and Alessandro Stanchieri, and junior associates Alexander Göbel and Stephanie Huchler (all Corporate/M&A). Further specialists involved are partners Philipp Candreia (M&A/Regulatory) and András Gurovits (Technology). The NKF team is working in collaboration with Tokyo International Law Office (TKI), led by managing partner Koki Yamada.

NKF is advising Tokyo-listed NEC Corporation in its acquisition of Avaloq Group

FabioAdmin

Legalcommunity.ch

Launched in 2020 by LC Publishing Group, it is the first digital portal addressed to the Swiss legal market.
In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointments and providing insights, analytical data and opinions on the professions’ main trends and topics (Ai, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram