Bär & Karrer Advises Cembra on the Acquisition of EFL Autoleasing
Cembra Money Bank AG (Cembra) signed an agreement to acquire EFL Autoleasing AG (EFL) from Auto-Interleasing AG. EFL is a well established auto lease and auto loan financing company based in Winterthur (Switzerland). At the end of June 2017, EFL had approx. CHF 280 million auto lease and loan receivables outstanding. The combined auto lease and loan business of Cembra will have net financing receivables of approx. CHF 1.9 billion.
Bär & Karrer acts as legal advisor to Cembra in this transaction. The team includes Thomas U. Reutter, Daniel Heiniger, Daniel Raun, Sandro Fehlmann and Stefanie Walch (all M&A), Rashid Bahar and Martin Peyer (Regulatory) as well as Laura Widmer and Lukas Bründler (Employment).