The $1.8bn Swiss firm’s acquisition of SVGIM, which has assets under management of around £200m, is still subject to regulatory approval.
Hansa will be the majority stakeholder in SVGIM, while the senior management will retain a significant minority stake.
SVGIM’s UK Focus Fund, an Irish-listed open-ended investment company; and Strategic Equity Capital Fund, a London-listed investment trust will move across to Hansa under the acquisition, but there will be no changes to the existing fund manager teams who will retain complete investment autonomy.
Hansa said SVGIM would continue under its own brand for the immediate future with a rebrand anticipated in due course.
Georg von Opel, chairman of Hansa, said: “Our vision is to build a world class asset manager, with a focus on unconstrained investment in high quality public companies and constructive corporate engagement. SVGIM is a unique business with a proven track record in this style of investing. We believe we have found an ideal partner and look forward to developing this business.”
