EANS-News: C-QUADRAT Investment AG acquires majority stake in French investment manager

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

  • C-Quadrat continues to pursue its strategy of internationalisation and is set to expand into France
  • C-Quadrat will hold a 51% stake in France’s Advenis Investment Managers

Mergers - Acquisitions - Takeovers/Strategic Management Decisions

Vienna/Paris - C-QUADRAT Investment AG (ISIN AT0000613005) continues to pursue its strategy of internationalisation and is set to expand into France. It will acquire a 51 per cent stake in Advenis Investment Managers, which is seated in Paris. This company's existing shareholders, Advenis S.A., will retain a 49 per cent interest.

"With this acquisition, we plan to push forward with the continuous growth of C-Quadrat's core business while also diversifying at a regional level. We are delighted to have found in Advenis an experienced partner that is familiar with the French market and has an excellent track record," says C-Quadrat management board member Carlos Mendez de Vigo.

With a volume of around EUR 3.5 trillion, the French market is Europe's third-largest. In addition to Advenis products, C-Quadrat also plans to market its own funds in France. Conversely, Advenis' European equity products will be offered in C-Quadrat's established markets.
With locations in London and Frankfurt and the expansion to Paris, C-Quadrat is represented in all of Europe's key financial centres.

"This step brings us closer to our goal of becoming one of the leading European asset managers," remarks Mendez de Vigo.

About Advenis Investment Managers

Advenis Investment Managers was established in 1997 as a subsidiary of the Advenis Group in Paris. The company establishes and manages innovative investment funds and real estate funds for institutional and private investors. Private customers are also offered individual portfolio management services. Advenis Investment Managers can rely upon the solid expertise of over 30 employees, including 16 portfolio managers with an average of 12 years of experience.

About C-Quadrat

The C-Quadrat Investment Group consists of several independent asset management companies that specialise in quantitative and discretionary absolute and total return strategies. The goal of all investment activities is to pursue continuous, flexible and sustainable growth for institutional and private investors. The C-Quadrat Investment Group was established in Vienna in 1991. Today, with offices in Vienna, London, Frankfurt, Paris, Geneva, Zurich, Madrid and Yerevan, it operates in more than 20 countries throughout Europe and Asia.

end of announcement euro adhoc

issuer: C-QUADRAT Investment AG
Schottenfeldgasse 20
A-1070 Wien
phone: +43 1 515 66-0
FAX: +43 1 515 66-159
mail: c-quadrat@investmentfonds.at
WWW: www.c-quadrat.com
ISIN: AT0000613005
indexes:
stockmarkets: Frankfurt, Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/3309/aom

Rückfragen & Kontakt:

Andreas Wimmer
Schottenfeldgasse 20
A-1070 Vienna
Tel.: +43 1 515 66 316
E-mail: a.wimmer@investmentfonds.at
www.c-quadrat.com

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0002