Cashgate

On 8 November 2019, cashgate AG (“cashgate”) announced the sale of its rental guarantee business currently operating under the brand “SmartCaution” to a group of real estate management companies. IFBC acted as a sole M&A advisor to cashgate within this successful sell-side transaction. As part of the transaction, IFBC developed a transaction structure, performed a valuation, organised the due diligence and assisted the selling company during the negotiation. SmartCaution offers nationwide rental guarantee insurances for private and business clients with a focus on the Geneva and Lausanne region. The mother company of cashgate, the Cembra Money Bank, is a Swiss financial institute listed on the SIX Swiss Exchange with a market capitalisation of around CHF 3.1 billion (November 2019).