The owners of Confinale Corp. sold Confinale, a Swiss-based consulting specialist for digital banking and solution for wealth management, to the strategic buyer HCL Technologies. The acquisition is subject to customary closing conditions, which are expected to be completed in the next few weeks.

Bär & Karrer assisted as legal advisor to all sellers in this transaction. The team of Bär & Karrer was co-led by Christoph Neeracher and Raphael Annasohn and

included Lukas Bründler and Romina Lauper (all M&A), Raoul Stocker and Patrick Schmid (both Tax), Mani Reinert (Competition) as well as Rehana Harasgama (Data Protection).

For further information please contact:

Media Relations, Eric Stupp

Tel: +41 58 261 50 00

Email: [email protected]