Hansa Aktiengesellschaft to acquire SVG Investment Managers
Swiss-based international investor Hansa Aktiengesellschaft has entered into an agreement to acquire specialist fund manager SVG Investment Managers.
SVG Investment Managers will be acquired from SVG Capital subject to regulatory approval.
Hansa will be the majority stakeholder in SVGIM, with the senior management of SVGIM holding a significant minority stake. Hansa will also acquire SVG Capital’s holdings in certain SVGIM managed funds. The transaction will provide SVGIM with increased capital backing and a significant platform for growth.
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 the ideal partner and look forward to developing this business.”
Adam Steiner, CEO of SVGIM, said: “Hansa has an exceptional investment pedigree and our investment styles are extremely complementary. The acquisition of SVGIM by Hansa will provide an excellent opportunity to develop our existing business and extend our capabilities and offering to discretionary and institutional clients.”
Lynn Fordham, CEO of SVG Capital, added: “This is an excellent deal for all three parties involved. SVG Capital has worked with the team since SVGIM launched in 2002. We think this transaction will enable the business to continue to flourish, and we wish Hansa and the team well.”
Under the new structure, SVGIM will continue to operate its existing managed funds as before. SVGIM currently manages the SVG UK Focus Fund, an Irish listed open-ended investment company; and Strategic Equity Capital plc, a London-listed investment trust.