In November 2020, PureFacts Financial Solution acquired Quartal Financial Solutions, Europe’s provider of fee billing and commission solutions for the financial and insurance industries with clients in 15 countries across Europe, United States, Middle East, Africa, and the Asia-Pacific region.
PureFacts Financial Solutions, ranked as a WealthTech100 Company and Top 12 Canadian Innovator, is a WealthTech provider of fees, reporting and AI-powered predictive analytics solutions. With the acquisition of Quartal Financial Solutions, PureFacts Financial Solutions further strengthens its ability to provide mission critical, AI-driven and regulatory compliant fee solutions to its marquee clients and expands its global reach. By strengthening the core capabilities of both companies, together they will be able to provide the most powerful fee platform in the global financial marketplace.
Walder Wyss advised PureFacts Financial Solutions together with the Canadian law firm Goodmans LLP and other law firms. The team was co-led by Christoph Stäubli (Senior Counsel (ret.), Transaction/M&A – pictured right) and Claudia Weber (Senior Associate, Transaction/M&A – pictured left) and further included Olivia Feusi (Managing Associate, Transaction/M&A), Christine Schweikard (Associate, IP/IT), Christian Schmid (Trainee Lawyer, Transaction/M&A), Christoph Stutz (Counsel, Employment), Maurus Winzap (Partner, Tax), Janine Corti (Counsel, Tax), Tervel Stoyanov (Counsel, Banking/Finance) and Thomas Nagel (Associate, Banking/Finance).
As previously reported by Legalcommunity.ch, a team from CMS Zurich, led by partner Alain Raemy comprehensively advised the shareholders of Quartal on all legal matters of the transaction. The team further included Mark Cagienard (partner, Tax), Ferdinand Blezinger (Associate, Corporate / M&A), Samuel Gang (Associate, Corporate / M&A), Dominik Bonderer (Trainee, Corporate/ M&A).