11 June 2018

Walder Wyss advises Morval Vonwiller Group and Banque Morval SA and their shareholders on the group's acquisition by Intesa Sanpaolo


On April 12, 2018, Morval Vonwiller Holding SA (the "Morval Group") and Fideuram – Intesa Sanpaolo Private Banking, a subsidiary of the Intesa Sanpaolo Group ("Intesa Sanpaolo") announced the completion of the acquisition by Intesa Sanpaolo of the Morval Group, including Banque Morval SA, after having obtained all necessary regulatory authorizations.

This acquisition is a first step in realizing Intesa Sanpaolo's strategic plan to become one of the first five private banks in Europe and the second in the Eurozone in terms of assets under management. It will reinforce Intesa Sanpaolo's own presence on the international private banking markets through its own division (already operational in Lugano, London and Luxembourg) and allow Intesa Sanpaolo to benefit from the expertise of the Morval Group.

Four members of the Zanon di Valgiurata family (which founded the Group) will remain minority shareholders and maintain key positions and active roles in the Morval Group's operational management.

Walder Wyss Ltd. has been acting as legal advisor to the Morval Group and its shareholders with regards to all Swiss contractual, corporate and regulatory aspects of the transaction. The team was led by Patrick W. Vogel (Partner, Banking and Corporate/M&A) and included Hubertus Hillerström (Partner, Banking & Finance) and Laurent Schmidt (Associate, Corporate/M&A).

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News

11 June 2018

Walder Wyss advises Morval Vonwiller Group and Banque Morval SA and their shareholders on the group's acquisition by Intesa Sanpaolo

On April 12, 2018, Morval Vonwiller Holding SA (the "Morval Group") and Fideuram – Intesa Sanpaolo Private Banking, a subsidiary of the Intesa Sanpaolo Group ("Intesa Sanpaolo") announced the completion of the acquisition by Intesa Sanpaolo of the Morval Group, including Banque Morval SA, after having obtained all necessary regulatory authorizations.

This acquisition is a first step in realizing Intesa Sanpaolo's strategic plan to become one of the first five private banks in Europe and the second in the Eurozone in terms of assets under management. It will reinforce Intesa Sanpaolo's own presence on the international private banking markets through its own division (already operational in Lugano, London and Luxembourg) and allow Intesa Sanpaolo to benefit from the expertise of the Morval Group.

Four members of the Zanon di Valgiurata family (which founded the Group) will remain minority shareholders and maintain key positions and active roles in the Morval Group's operational management.

Walder Wyss Ltd. has been acting as legal advisor to the Morval Group and its shareholders with regards to all Swiss contractual, corporate and regulatory aspects of the transaction. The team was led by Patrick W. Vogel (Partner, Banking and Corporate/M&A) and included Hubertus Hillerström (Partner, Banking & Finance) and Laurent Schmidt (Associate, Corporate/M&A).