Mon, May 29, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Gottex Fund Management and EIM Group to merge

Monday, December 16, 2013
Opalesque Industry Update - Gottex Fund Management Holdings Limited (Gottex) and EIM Group (EIM), two leading alternative investment managers, announce today they have reached agreement on the proposed merger of their businesses, subject to certain conditions including approval of Gottex shareholders. The transaction will establish a truly global investment management company with headquarters in Switzerland and offices in London, Boston, New York, Hong Kong and Shanghai. The fee earning assets of the combined group will be close to USD 10 billion by the first half of 2014, spanning across its investment, advisory and risk management solutions.

By combining two leading investment firms, both groups are taking a natural step towards the goal of becoming a substantial diversified asset manager of significant scale. This platform for growth, with deeper and broader capabilities, will allow the combined group to provide its clients with premier solutions in Multi-asset, Multi-manager and Asia-focused investments as well as risk and infrastructure services.

The all-share transaction is based on an exchange of shares where the EIM shareholders will receive up to 14 million newly issued Gottex shares. Gottex shareholders would own approximately 70% of the enlarged group and EIM shareholders approximately 30%. The transaction will be subject to approval of relevant regulatory authorities, as well as Gottex shareholders with regards to the issue of the new shares. Gottex and EIM believe the combination will lead to substantial operational synergies, largely through the combination of offices and systems, achieving a meaningful positive operational result once synergies are fully achieved and which should be accretive on a per share basis 12 months after completion.

Commenting, Joachim Gottschalk, Chairman and Chief Executive Officer of Gottex, stated: “We are very pleased to have reached agreement with EIM to merge our two enterprises, which will bring increased scope, economy of scale and growth opportunity to the combined entity. Our global reach and combined investment and risk management teams will offer our valued clients enhanced services and solutions for their alternative investments, risk monitoring and multi asset allocations.”

Commenting, Arpad Busson, Chairman of EIM, added: “We are proud of the merger of the EIM Group with Gottex. I have personally known Joachim Gottschalk, Gottex’s founder, for over 20 years as we both started our respective companies in the early days of the alternative investment industry. Our relationship has always been based on mutual respect and admiration. Combining our respective businesses will enable us to create a major industry player with a global footprint, built on a vibrant solutions platform offering investments in alternative and traditional strategies aimed at institutional and private investors around the world. I am convinced that this combined entity will provide us with the necessary resources to meet the growing demand of our investors and global regulators.”

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the