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New Deal


Announced

Gasser Partner to acquire the Liechtenstein trust business of Credit Suisse.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Liechtenstein

financial servies

Single Bidder

Majority

Pending

Diversified Financials

Friendly

Private

Domestic

Acquisition

trust

Synopsis

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Gasser Partner, an international independent law firm, agreed to acquire the Liechtenstein trust business of Credit Suisse, a global investment bank and financial services firm founded and based in Switzerland. Financial terms were not disclosed. "Credit Suisse regularly reviews its product and services portfolio to meet the evolving needs of our clients. Over the past months we have carefully considered how we can best continue to serve our clients who have sophisticated trust needs. Both Butterfield and Gasser Partner specialize in full-service trust structures and solutions dedicated to clients with bespoke needs," Michael Strobaek, Credit Suisse Head of Investment Solutions & Sustainability.

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