Walder Wyss advises Cembra on the acquisition of Byjuno
Cembra Money Bank, a renowed Swiss provider of financing solutions and services, has announced that it has agreed to acquire a 100% stake in Byjuno and its sister company, Intrum Finance Services, from Intrum for a purchase price of CHF 60 million. This acquisition is further step in expanding its embedded finance product suite and its buy now pay later business.
Byjuno is a major provider in digital payments in Switzerland, offering real-time factoring for merchants and convenient payby-invoice solutions for consumers with instant credit functionalities. The company was founded in 2014, employs about 45 people and has established partnerships with several leading Swiss brands.
Walder Wyss has advised Cembra on the transaction. The team was led by Markus Pfenninger (partner, banking & finance, pictured left) and Markus Vischer (partner, corporate/m&a, pictured right) and included senior associates Dominik Aerni and Dario Galli (both corporate/m&a), Michael Kissling (associate, corporate/m&a) as well as Andrea Haefeli (counsel, corporate/m&a), Samuel Lieberherr (managing associate, corporate/m&a), Michael Kündig (senior associate, corporate/m&a), Manuel Bigler (managing associate, regulated markets, competition, technology & IP), Stephanie Wichmann (associate, employment), Anne-Sophie Morand (associate, regulated markets, competition, technology & IP), and Michael Lysakowski (associate, regulated markets, competition, technology & IP).