Walder Wyss advises on the sale of Livit FM to ISS Switzerland

Livit, a leading Swiss real estate management company belonging to the Swiss Life Group, has sold its subsidiary Livit FM Services to ISS Switzerland.

All 670 employees of Livit FM Services will be taken over by ISS Switzerland as part of the transaction. Livit FM Services, which manages a majority of Swiss Life’s properties in Switzerland, is expected to be fully integrated into ISS Switzerland by the first quarter of 2023.

Walder Wyss advised Swiss Life Asset Managers and Livit on all legal aspects of this transaction. The team was led by partner Thiemo Sturny (corporate/m&a, pictured left) and partner Markus Pfenninger (banking & finance, pictured right) and further included Erik Lanz (associate, corporate/m&a), Dimitrios Berger (senior associate, corporate/m&a), Jan Ole Luuk (counsel, tax) and Felix Tuchschmid (associate, technology & IP).