Bellevue Group to acquire StarCapital AG

March 21, 2016

On February 23, 2016, Bellevue Group announced it will acquire StarCapital AG, a German-based asset manager with CHF 2.5 billion in assets under management.


Under the terms of the transaction, Bellevue Group will acquire 100% of StarCapital AG (“StarCapital”).  StarCapital will continue as an independent company as well as retain its brand name and current employees, however.

The purchase agreement also contains a symmetrical price adjustment based on StarCapital’s average net profits for the 2016-2018 fiscal years.  To proceed with the transaction, at the next annual meeting, Bellevue Group’s Board of Directors will submit a motion to increase authorized share capital in the amount of CHF 30-40 million for the second quarter of 2016.  The acquisition is also subject to approval by Swiss and German regulatory authorities, in addition to customary closing terms and conditions.  

Bellevue Group is an asset-management firm that focuses on sector and regional strategies, and the transaction is expected to increase its assets under management to CHF 7.8 billion.

StarCapital is an Oberusel, German-based asset manager with expertise in bond, equity, ETF and wealth-management strategies.

To read the press release: please click here.

 


Categories

Investment Manager M&A, Mutual Fund M&A, Transactions