Raiffeisen Corporate Finance advised Raiffeisen Schweiz Genossenschaft on the sale of Notenstein La Roche Private Bank Ltd. to Vontobel Holding AG

Due to the strong performance of Raiffeisen Schweiz’s own wealth management business, the Board of Directors decided to reorganize the bank’s wealth management services and sell Notenstein La Roche Private Bank Ltd, allowing Raiffeisen to focus on its core segment of private clients with low to medium assets volumes. The acquisition of the Notenstein La Roche complements Vontobel’s above-average organic growth in wealth management for high-net-worth clients, and allows the bank to strengthen its local presence through the locations of Notenstein La Roche. Raiffeisen and Vontobel agreed to a purchase price of around CHF 700 million, calculated on the basis of the capital at closing plus a goodwill multiple of 1.78 percent related to the assets under management as per signing. The acquisition will be financed by Vontobel through available capital and an additional Tier 1 bond issue of up to CHF 450m.

The transaction was closed on the 2nd of July, 2018.

Raiffeisen

Advised in the sale of

Notenstein La Roche Private Bank Ltd

to

Vontobel Holding AG

Financial Services

MidCap Alliance