SIX Group’s acquisition of Aduno SA, a Swiss company active in the acquiring and terminal business

SIX Payment Services AG acquired from Aduno Group 100% of the shares in Aduno SA, a Swiss company active in the acquiring and terminal business (card acceptance and processing).

The acquiring/terminal segment of Aduno SA generated in 2016 a merchant sales volume of CHF 8.2 billion and an operating income of CHF 97.5 million with a workforce of about 240 employees.

SIX operates Switzerland’s financial market infrastructure and offers on a global scale comprehensive services in the areas of securities trading, clearing and settlement, as well as financial information and payment transactions. With the acquisition of Aduno SA, SIX is underscoring its aim of driving forward its growth and consolidating its position over the long term as the leading provider of card-based payment services in Switzerland and Europe.

Schellenberg Wittmer acted as exclusive legal counsel to SIX Group AG and SIX Payment Services AG. The team consisted of partners Lorenzo Olgiati (corporate/M&A; in picture), Oliver Triebold (corporate/M&A), Jürg Borer (Competition), Josef Caleff (real estate/M&A), Roland Mathys (ICT/IP) and Michael Nordin (Tax), Regula Portmann (counsel Tax), associates Mirjam Schneider and Karin Hofstetter (both corporate/M&A), Samuel Klaus (ICT/IP), Michael Hess (employment) and Jessica Obrist (corporate paralegal).

Aduno Group and Viseca Card Services SA have been advised by Baker McKenzie, with a team led by Dr Beat M Barthold, partner M&A, and consisted of Pascal Richard, partner M&A and Corporate, Boris Wenger, partner Antitrust and Competition, Ansgar Schott, partner Banking & Finance, Tobias Rohner, partner Tax, Dr Markus Winkler, associate Corporate and M&A, and Linda Kubli, associate Antitrust and Competition.

Involved fees earner: Lorenzo Olgiati – Schellenberg Wittmer; Oliver Triebold – Schellenberg Wittmer; Mirjam Schneider – Schellenberg Wittmer; Karin Hofstetter – Schellenberg Wittmer; Jürg Borer – Schellenberg Wittmer; Josef Caleff – Schellenberg Wittmer; Roland Mathys – Schellenberg Wittmer; Samuel Klaus – Schellenberg Wittmer; Michael Nordin – Schellenberg Wittmer; Regula Portmann – Schellenberg Wittmer; Michael Hess – Schellenberg Wittmer; Beat Barthold – Baker & McKenzie; Pascal Richard – Baker & McKenzie; Markus Winkler – Baker & McKenzie; Boris Wenger – Baker & McKenzie; Linda Kubli – Baker & McKenzie; Ansgar Schott – Baker & McKenzie; Tobias Rohner – Baker & McKenzie;

Law Firms: Schellenberg Wittmer; Baker & McKenzie;

Clients: SIX; Aduno Gruppe; Viseca Card Services SA;