Swiss banking software company Avaloq prepares for 2020 sale - sources
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FRANKFURT/ZURICH (Reuters) - Swiss banking software company Avaloq is starting preparations for a 2020 sale or initial public offering as its private equity shareholder Warburg Pincus seeks an exit, people close to the matter said.The buyout group, which owns 45% of Avaloq, is expected to mandate advisers soon to handle the divestiture, the sources said, adding that an auction could launch in early 2020.Avaloq founder Francisco Fernandez, management and employees also hold shares in the..