Sale of Casa4Funds
Arner has sold its fully-owned subsidiary Casa4Funds to London-based Banor Capital
Arner Bank is a Swiss-based private bank with operations in Lugano and in the Bahamas. As part of its strategy to re-focus its business activities, the Bank has sold its wholly-owned, Luxembourg-based subsidiary Casa4Funds, which acts as third party sponsor and management company for various types of Luxembourg funds and is regulated by the CSSF.
Banor Capital is a London-based, independent, pan-European, diversified asset management firm, authorised and regulated by the Financial Conduct Authority. Banor Capital offers investment management and advisory services to private and institutional clients, UCITS and hedge funds. With its acquisition of Casa4Funds, Banor Capital will increase its presence along the asset management value chain.
Gut Corporate Finance acted in this transaction as financial advisor to Arner Bank. The mandate included a review of strategic options, the valuation of the business, investor search, management of the transaction and due diligence process as well as support in negotiations.