Julius Baer raises stake in Kairos to 80%

Swiss private banking group Julius Baer has completed the acquisition of an additional stake of 60.1% in Kairos Investment Management (‘Kairos’) for €276m on 1 April 2016.

The deal, first announced in November 2015, brings the group’s ownership of Kairos to 80%. In 2013, Julius Baer initially purchased 19.9% of Kairos’s capital.

The executive management of Kairos will remain unchanged and the transaction will strengthen Julius Baer’s and Kairos’ long-term position in Italy and further Kairos’ ambitious growth trajectory.

While becoming a member of the Julius Baer Group and representing the group’s exclusive gateway to the attractive Italian domestic wealth management market, Kairos will continue to operate under the Kairos name and identity.

Julius Baer has further plans to list Kairos through an offering of a minority percentage of Kairos’ share capital when market conditions permit and subject to regulatory approval.

The company’s partners will retain a stake in Kairos post listing.

Kairos was established as a partnership in 1999 and today employs a total staff of over 150.

As at 31 December 2015, Kairos had assets under management of over €8bn, up from approximately €4bn when Julius Baer and Kairos started their strategic partnership in 2013.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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