Bellevue Group sells Bank am Bellevue to KBL
20 August 2019 – Bellevue Group has signed an agreement with KBL European Private Bankers (KBL epb) regarding the sale of Bank am Bellevue. KBL epb will take over Bank am Bellevue with its current staff of 22 and assets under management of CHF 1.7 bn. The transaction will not affect the asset management and private market business of Bellevue Group which will be continued without change.
Walder Wyss advised Bellevue Group as legal advisor in this transaction. The team was lead by Markus Pfenninger (Partner, Regulatory/M&A) and included Mark A. Reutter (Partner, IP/IT), Ueli Sommer (Partner, Employment), Rafael Zemp (Managing Associate, M&A) and Daniel Zimmerli (Counsel, Competition).