Under the terms of the Agreement, C-Quadrant Investment AG (“C-Quadrant”) will acquire 51% of the shares in Advenis Investment Managers (“Advenis”) for a purchase price of €2.4 million. The transaction is expected to close in the first quarter of 2018, subject to regulatory approval from the French Autorite des Marches Financiers (AMF).
C-Quadrant is a Vienna-based international asset manager specializing in total return funds, equity, bond and real estate funds, and absolute return funds. C-Quadrant has approximately €10 billion in assets under management as of September 2017.
Advenis is a Paris-based independent French asset manager specializing in multi-asset class funds, equity and fixed income funds, and and fund-of-funds. Advenis has approximately €228 million in assets under management as of December 2017.