Vencora, an indirect subsidiary of Constellation Software Inc. whose shares are listed on the Toronto Stock Exchange and CREALOGIX, a global leader in digital banking technology, jointly announced today that they have entered into a definitive transaction agreement, under which Vencora agreed to submit an all-cash public tender offer to acquire all publicly held registered shares of CREALOGIX for CHF 60 per share. Vencora published its pre-announcement of the offer today. The offer is conditional upon the receipt of regulatory clearances in certain jurisdictions and other customary conditions.
Lenz & Staehelin advises CREALOGIX in this transaction. The team includes partners Simone Ehrsam and Tino Gaberthüel (both M&A) and Astrid Waser (competition) as well as associates Lukas Held, Arnold Romero and Alexandra Vraca (all M&A) and Sandro Travaglini (competition).
