Corestar Partners advises o the management buy-out of Vibbek AG

Following the sale of Aduno Group’s merchant acquiring business to SIX Payment Services AG in August 2017, Aduno Group decided to spin-off its equity participation in Vibbek AG, since it was no longer active in the field of merchant acquiring services and hence no longer regarded itself as a suitable partner for Vibbek AG. Therefore, Aduno Group decided to sell all its shares to Vibbek’s management.

The management team of Vibbek is pleased to be able to guarantee Vibbek’s customers and partners continuity of the service offering. Vibbek’s payment solutions will continue to be market leaders in the respective segments. Vibbek is striving to continuously expand the functionality of its cloud based POS terminal management solution, ensuring the highest security standards as well as highest levels of system availability. With all shares in the hands of management, Vibbek remains a fully independent partner.

Headquartered in Urdorf, Switzerland, Vibbek is the only European provider of cloud based hardware agnostic payment terminal software for the global payment service industry. Vibbek‘s fully cloud based terminal software solution simplifies the installation, maintenance and replacement cycle of the payment terminals at the point of sale. The solution is used in various verticals, such as retail, hospitality, public transport, parking and vending machines. The company was founded in 2012 and has a subsidiary in Hamburg, Germany.

Corestar Partners acted as exclusive financial advisor to Aduno Group and Vibbek management, providing in-depth strategic, process, transaction structuring and valuation advice.