Zuger Kantonalbank’s Acquisition of Immofonds Asset Management AG

Walder Wyss has advised Zuger Kantonalbank.

Zuger Kantonalbank (SIX: ZUGER) is acquiring Immofonds Asset Management AG, which acts, among other things, as the fund management for IMMOFONDS (SIX: IM). Immofonds Asset Management AG will continue to operate as an independent business unit at its current location in Zurich and with its proven team. The closing is planned for mid-July 2022.
Immofonds Asset Management AG is licensed and regulated by FINMA as a fund management company. It has been investing in Swiss real estate assets since 1955. It has total assets under management of around CHF 2 bn with a development pipeline of a further CHF 700 mio. It manages two products – the listed IMMOFONDS and the IMMOFONDS suburban.

The Walder Wyss team has been led by Alex Nikitine (Picture – Partner, Corporate/M&A) and Carmen Spichiger (Associate, Corporate/M&A) and further included Alexander Eichhorn (Managing Associate, Banking, Finance & Insurance).

Involved fees earner: Alexander Eichhorn – Walder Wyss Ltd.; Alex Nikitine – Walder Wyss Ltd.; Carmen Spichiger – Walder Wyss Ltd.;

Law Firms: Walder Wyss Ltd.;

Clients: Zuger Kantonalbank;

Federica Tiefenthaler

Author: Federica Tiefenthaler