Schroders boosts private equity holdings with Adveq deal

Added 20th April 2017

Schroders is set to expand its private equity business through the acquisition of Swiss-based private equity firm Adveq Holding for an undisclosed sum.

Schroders boosts private equity holdings with Adveq deal

Peter Harrison, Schroders chief executive

The deal, which was announced on Thursday, is expected to close in the second half of 2017, and will boost the size of Schroders’ private asset holdings by around $7bn (£5.5bn), pushing the firm's total private equity assets up to £19.5bn.

Adveq has a mostly Swiss and German client base but has recently branched out to establish a premium client base in the US.

Peter Harrison, group chief executive of Schroders, said the acquisition worked due to the similar cultures between the firms.

He added: “Adveq’s impressive investment proposition, proven track record and strong position within key markets makes this partnership a complementary combination.

"We look forward to introducing Adveq’s unique capabilities to our clients.”

Schroders, the UK's largest listed standalone asset manager with around £400bn in assets under management, said there would be no changes to Adveq's investment team, process or strategies after the merger.

Stephen Mills, chairman of the board of Schroders’ Swiss branch, will join the board of Adveq as chairman.

Adveq’s founder and chairman Bruno Raschle will remain on the board as a non-executive vice chairman.

Raschle said: “We are delighted with today’s announcement. Partnering with Schroders, a FTSE 100 global investment management business, provides Adveq with access to new markets and an enhanced proposition for our clients.

"Schroders’ stable ownership structure and heritage, which is closely aligned with Adveq’s long-term investment philosophy makes this an excellent fit.”

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

Features

ANALYSIS: All stars aligned for European equities

ANALYSIS: All stars aligned for European equities...Lock icon

The fact that the Euro Stoxx 50 index recorded its largest one-day gain since July 2012 on Monday suggests the importance for investors of Emmanuel Macron’s victory in the first round of the French presidential...

Analysis

Profiles

Directories

Canada Life International Limited
Canada Life International...

Canada Life International Canada Life House,...

Tweets

Events

IA International Portfolio Bond & Financial Planning Forum 2017
IA Best Practice Adviser Awards UK 2017
IA Best Practice Adviser Awards UK 2017

Wednesday 3 May
The Waldorf Hilton, London

IA Product & Service Awards 2017
IA Product & Service Awards 2017

Wednesday 3 May
The Waldorf Hilton, London 

IA International Investment Forum Johannesburg 2017
IA International Investment Forum Johannesburg 2017

Tuesday 16 May
The Hyatt Regency, Johannesburg

Sponsored Content

Investment Strategy

OTHER STORIES FROM LAST WORD...