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Avaloq closes Warburg Pincus deal

Avaloq has completed its transaction whereby private equity firm Warburg Pincus acquires a 35% stake in the private banking solutions provider, Avaloq said today. “Under the partnership announced on 22 March 2017, Avaloq will be able to capitalise on Warburg Pincus’ expertise and network in the financial services and fintech sectors to accelerate the company’s long-term growth and value-creation strategy,”…

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