Fiducia & GAD IT AG has sold a significant stake in ELAXY GmbH to CREALOGIX Holding AG
October 2015 — As part of a long-term cooperation, CREALOGIX Holding AG, a leading Swiss provider of digital banking solutions, has acquired a significant stake in ELAXY GmbH, a subsidiary of Fiducia & GAD IT AG. Financial details have not been disclosed.
ELAXY has been a leader in the areas of software and data center services for over 25 years. The company's customized solutions serve banks, insurance and financial service providers, as well as customers in the e-commerce and industrial sectors. The ELAXY group consists of three companies: ELAXY Financial Software & Solutions, providing consulting with interactive digital solutions, ELAXY Business Solution & Services, which focuses on banking, brokerage and data center services, and ELAXY Format, a provider of commission accounting systems.
Founded in 1996, CREALOGIX is an independent, Swiss software company and, as part of the Fintech Top 100 companies, one of the leaders in digital banking in Switzerland. CREALOGIX develops and implements innovative fintech solutions for the digital bank of the future. The company focuses on addressing customer needs in the areas of mobility, security and personalized information, within a comprehensive customer service.
Fiducia & GAD IT AG is an IT service provider for the cooperative financial service network. The company is based in Karlsruhe and Münster with branches in Munich, Frankfurt and Berlin. Fiducia & GAD IT serves more than 164,000 bank workplaces, manages nearly 100 million customer accounts and ensures a smooth money supply with 38,000 self-service devices across the country.
Our role in the transaction
Oaklins' team in Germany advised the seller in this transaction.
Talk to the deal team
Related deals
Moneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreTA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreDIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Learn more