SOBACO acquired a majority shareholding in InCore Bank
SOBACO acquired a majority shareholding in InCore Bank, a subsidiary of Maerki Baumann Holding
SOBACO Holding AG ("SOBACO") has acquired a majority shareholding in InCore Bank AG ("InCore"), a subsidiary of Maerki Baumann Holding AG ("MBH"). MBH will retain a substantial minority shareholding in the company.
SOBACO develops innovative IT products and services for banks and wealth managers. InCore is a Swiss corporation with a banking and securities dealer license, which offers a comprehensive range of outsourcing services for banks and other regulated financial intermediaries.
By merging their specific services, the two companies will offer an innovative and integrated portfolio of services from a single source.
Gut Corporate Finance AG acted as financial advisor to MBH in this transaction. The mandate included identifying strategic options, valuation of the business, supporting the seller with the overall management of the transaction, managing the due diligence process, as well as conducting negotiations of the share purchase agreement.