Sell-side Advisor within the disposal of SmartCaution

Sell-side Advisor within the disposal of SmartCaution

On 8 November 2019, cashgate AG (“cashgate”), a 100% subsidiary of Cembra Money Bank AG (“Cembra”), announced the sale of its rental guarantee business currently operating under the brand “SmartCaution” to a group of real estate management companies. SmartCaution offers nationwide rental guarantee insurances for private and business clients with a focus on the Geneva and Lausanne region.


IFBC acted as sole M&A advisor to cashgate within this successful sell-side transaction. As a part of the project, IFBC evaluated the rental deposit business, developed the transaction structure, organized the due diligence and assisted cashgate in the negotiations.


Cembra is a Swiss financial institute listed on the SIX Swiss Exchange with a market capitalisation of around CHF 3.1 billion (November 2019). Cembra Money Bank offers products in the areas of personal loans, leasing, credit cards and savings. The bank addresses in particular the entire Swiss market and Liechtenstein.


Here you will find the link to Cembra’s official media release.


You can find out more about our M&A projects and transactions here.