Hauck & Aufhäuser to Acquire Crossroads Capital

July 1, 2019

On June 13, 2019, Hauck & Aufhäuser AG announced that it had entered into an agreement to acquire a majority stake in Crossroads Capital Management Ltd.

Under the terms of the agreement, Hauck & Aufhäuser AG (“Hauck & Aufhäuser”) will acquire a majority stake in Crossroads Capital Management Ltd. (“CCM”) through its subsidiary Hauck & Aufhäuser Fund Services S.A. Donnacha Loughrey will remain managing director of CCM. Following the deal, Hauck & Aufhäuser will increase its assets under management to approximately €124 billion. The acquisition is subject to the approval of the Central Bank of Ireland. Terms of the deal were not disclosed.

CCM is a Dublin-based UCITS management company and Alternative Investment Fund Manager that specializes in services for European investment managers and fund promoters.

Hauck & Aufhäuser is a private bank that provides comprehensive wealth management and asset management services to corporate and private clients.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions