On September 29, 2016, Eden Rock Group announced that it acquired ERG Asset Management.
In 2011, Eden Rock Group (“Eden Rock”) established a joint venture with Gottex. Eden Rock acquired ERG Asset Management (“ERG”) by purchasing Gottex’s stake in ERG. As a result, Eden Rock now owns 100% of ERG. The terms of the transaction were not disclosed.
Eden Rock focuses on the monetization of funds and banks holding illiquid assets, and the sale of operating companies and real estate portfolios. ERG focuses on debt restructuring, asset sales, asset recovery, and litigation management.
To read the article: please click here.