Netcetera AG takes over the majority in Braingroup AG

  • Member IFBC
  • Sector TMT
  • Date completed 31.10.2023
  • Client Netcetera AG
  • Country Switzerland
  • Target Braingroup AG
  • Country Switzerland

On 31 October 2023, the two companies Netcetera AG (Netcetera) and Braingroup AG (Braingroup) announced a transaction. Netcetera, a leading Swiss software company, is increasing its existing stake of 33% in Braingroup by 45%, giving it a clear majority. The remaining shares will be held by Braingroup’s leadership team. Braingroup focuses on the Swiss banking and insurance sector with its product business for hybrid financial advisory. The acquisition of the shares is a significant step for both companies and consolidates the close cooperation between the two companies, which has lasted almost 15 years. Together, they cover the future requirements of the market with a future-proof end-to-end offering from mobile and web banking to advisory services and are driving forward the digital transformation. Braingroup will continue to operate as a strong and independent brand in the Swiss market.

Support from IFBC
IFBC supported Netcetera and the main shareholders of Braingroup as financial advisor during the initiation phase of the transaction. IFBC prepared an independent valuation as a basis for negotiations, developed a balanced term sheet with the parties, and moderated the contract and purchase price negotiations. The combined expertise of Netcetera and Braingroup and their joint experience in the financial services sector will create a comprehensive and forward-looking digital banking offering.

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