Key Equipment Finance to sell leasing business to BAML
19 May 2014 – On the basis of master transfer agreements dated 6 May 2014 between, inter alios, the Key Equipment Finance (Schweiz) AG in Liquidation, Bank of America Merrill Lynch International Limited and the BAL Global Finance (UK) Limited, a framework was established under which Key Equipment Finance Group agreed to sells its leasing portfolios to BAML. The Swiss portfolio has been transferred under various transfer agreements from Key Equipment Finance (Schweiz) AG in Liquidation to BAL Global Finance (UK) Limited. Following the closing of the transaction, Key Equipment Finance (Schweiz) AG in Liquidation will be dissolved with liquidation.
Walder Wyss AG has advised Key Equipment Finance Group with respect to all Swiss legal aspects of the transaction. The Walder Wyss team was composed of Markus Vischer (Partner, Corporate/M&A), Lucas Hänni (Counsel, Corporate/M&A) and Davide Giampaolo (Trainee, Corporate).