Infront ASA acquires vwd Group GmbH from a fund managed by the Carlyle Group.
vwd Group provides end-to-end technology and data solutions for the wealth management industry, combining data and feed solutions, publication and distribution systems, portfolio management- and regulatory technology services. The company has a leading market position in the German-speaking region, serving ~2,400 customers with ~50,000 professional users.
Selmer has been lead legal advisor to Infront in all aspects of the transaction, including SPA negotiations, the bond and equity financing of the transaction and securities and stock exchange matters.
Selmer has as part of the transaction acted as lead manager of an international legal due diligence team consisting of Bird&Bird in Germany, the Netherlands and Belgium, Schellenberg Wittmer in Switzerland and Gattai, Minoli, Agostinelli & Partners Studio Legale in Italy. The transaction is subject to regulatory approval in Germany and is expected to be completed in the second quarter of 2019.
See the Stock Exchange announcement here.