NKF: HCL Technologies acquires Confinale
Global technology company HCL Technologies UK, a wholly owned subsidiary of HCL Technologies (HCL), has signed a definitive agreement for the acquisition of the Confinale, a digital banking and wealth management consulting specialist and premium implementation partner of Avaloq. This transaction will enhance HCL’s footprint in the global wealth management market with emphasis on Avaloq consulting, implementation and management capabilities.
HCL is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Its technology products, services and engineering are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships. With a worldwide network of R&D, innovation labs and delivery centers, and more than 209.000 “Ideapreneurs” working in 52 countries, HCL Technologies generated USD 11.5 billion revenue in the last financial year.
Founded in 2012, Confinale focuses on IT consulting in key specialist areas in the banking and wealth management sector. The company has one of the largest independent pools of Avaloq-certified specialists in Europe and its in-house developed products and solutions accelerate the implementation of the Avaloq platform. The company is one of only four companies to be awarded the title of Avaloq Premium Implementation Partner. With offices in Switzerland including Zurich, Zug and Geneva; as well as Düsseldorf and London, Confinale works with a host of leading banks and wealth advisors.
The Niederer Kraft Frey (NKF) team was co-led by m&a partners Moritz Maurer (pictured left) and Patrik Peyer (pictured right) working with associates Alexander Göbel, Katalin Siklosi and Jamie L. Mancini, junior associates Noëmi Birchler and Yannik Bleiker (all m&a/corporate), partner Nicolas Birkhäuser (antitrust/competition/FDI), counsel Janine Reudt-Demont (data protection), senior associate Simon Bühler (regulatory) and associates Annina Fey and Daniela Lötscher (both employment).
