LRI Group and Augeo Capital Management, subsidiaries of Apex Group, have jointly announced their joining forces under one single brand, LRI Group, subject to regulatory approval.
This integration will see Augeo, formerly Warburg Invest Luxembourg, change its name to LRI Capital Management as part of a strategic move by Apex to unite the two management companies (ManCos) under one common brand.
The move to join these two market leading Luxembourg-based investment services companies signifies the start of a second phase in the strategic acquisition by Apex. Consolidating the Augeo and LRI business under one single brand demonstrates the Group's intention to deliver a united future for the ManCos with a common ownership structure, combined leadership team and united growth strategy.
The alliance of the Augeo and LRI teams under the LRI brand significantly strengthens the firm‘s combined market position as one of the leading third party ManCos in Luxembourg. Uniting the two highly qualified teams, originating from Warburg Invest and LRI Group, delivers a strong collaboration that will take forward the best practices from both businesses and solidify its reputation and position in Luxembourg.
The management board for the newly combined LRI Group will consist of Frank Alexander de Boer, Thomas Grünewald and Utz Schüller who will oversee the management of 200+ employees in Luxembourg servicing more than EUR 70bn of assets across 540 funds.