Swiss software group Avaloq hires banks for 2020 sale or IPO – sources
ZURICH/FRANKFURT (Reuters) - Private equity group Warburg Pincus is working with Goldman Sachs and Barclays on the planned 2020 sale or initial public offering of Swiss banking software company Avaloq, people close to the matter said. The buyout group, which owns 45% of Avaloq, is expected to launch an auction in the first quarter of 2020.
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