Schoenherr has advised the AIM Software Group on the receipt of an investment from and transfer of a majority interest to U.S.-based private equity firm Welsh, Carson, Anderson & Stowe (“WCAS”), advised by Binder Grosswang.
Under the terms of the transaction, which was announced on January 14, 2015, AIM’s existing management team will continue to operate the business and maintain a significant ownership stake in the company. WCAS is also investing primary capital in the business which will be used to further accelerate AIM’s expansion.
AIM is a leading provider of data management software products to the financial services industry. According to a Schoenherr statement, “with more than 100 customers, and offices in Austria, Luxembourg, Switzerland, France, the UK, and the US, AIM offers best-in-class applications for the financial services industry.”
WCAS focuses its investment activity in two target industries, information/business services and healthcare. Since its founding in 1979, the WCAS has organized 15 limited partnerships with total capital of USD 20 billion.
The Schoenherr team advising on the AIM transaction consisted of Partner Christian Herbst and attorney Maximilian Lang. Swiss law advice was provided by Michael Kloter Attorneys, in Zurich.