Private Equity Holding reaches agreement with Vontobel

Private Equity Holding AG (PEH) and 5E Holding AG (5E) have reached an agreement with the Vontobel Group covering all matters in dispute. As a result of this accord, all business relations between Vontobel and PEH were terminated; reciprocal claims for damages were abandoned and the two parties agreed not to disclose any details of the agreement. The resolution rules out potential litigation. A syndicate under the leadership of Swiss Life will refinance the bank borrowings of Vontobel – the largest credit provider of PEH. With a credit facility of up to SFr 500m the financing of the company is secured. Vontobel continues to be a shareholder of both PEH and 5E.

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• DACH