On September 18, 2017, Arca Capital Group announced that it will purchase a majority stake in Wiener Privatbank SE, a Vienna-based private bank.
Specifically, Arca Capital Group (“Arca”) will acquire 61.37% of Wiener Privatbank SE (“Wiener”). The transaction is expected to close in June 2018, subject to certain conditions, including approvals from the Austrian Financial Market Authority and other regulatory agencies.
Founded in 1999, Arca is a Slovakia-based asset manager that focuses on private equity and the financial services sector.
Wiener is a private bank with expertise in tangible assets. It offers products and services in connection with private banking, asset management, and capital markets, among other areas.
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