Milbank LLP has advised funds advised by Bregal Unternehmerkapital ("BU") on the financing of the acquisition of Netrics Holding AG (“Netrics”), a leading Swiss IT cloud-managed services provider that was previously held by Waterland Private Equity Investments. The terms of the transaction, which closed on December 20, 2023, were not disclosed.
As a partner for digital transformation, Netrics is one of the largest and most powerful cloud and modern workplace providers in Switzerland. Netrics currently serves more than 600 enterprise and SME customers from diversified industries, enabling modern, location-independent and secure working. Through the use of future-oriented technologies and with consideration of human aspects, Netrics creates great experiences and value for employees and customers in a digitalized work environment. The Netrics Group is active throughout German-speaking Switzerland with around 140 experts and a local presence in Bern, Biel/Bienne, Thun and Zurich, and since December 2022, by its consulting boutique AliceBlue AG in Basel.
BU is a leading family-backed investment firm with offices in Zug, Munich and Milan. As a part of a family-owned business that has grown over several generations, the funds advised by BU invest in mid-sized companies based in Germany, Austria, Switzerland, and Northern Italy. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and "hidden champions" with strong management teams and outbreak potential. Since its founding in 2015, the funds managed by BU have invested over €3 billion in more than 100 companies, supporting over 20,000 employees and working in partnership with entrepreneurs and families to develop, internationalize, and digitize their businesses, while helping them generate sustainable value on a responsible basis with the next generation in mind.
The Milbank team that advised BU on the financial aspects of the transaction was led by partner Barbara Mayer-Trautmann and included special counsel Alexander Lang and associate Susanne Baier as well as transaction lawyer Pauline Gairanod (all Finance).
