.
- Synergies across all divisions
- C-QUADRAT thus to increase fee-generating assets to EUR 5.8 billion
- Combined total assets: approximately EUR 200 million
C-QUADRAT Investment AG (ISIN AT0000613005) is planning - subject to positive due diligence, the approval of its Supervisory Board and the Supervisory Authorities - to purchase a 100% stake in Techno Verwaltungs- und Beteiligungs AG, the sole owner of M&A PrivatBank AG. M&A PrivatBank specialises in private banking, asset management and corporate finance and has fee-generating assets of EUR 1.3 billion. Integrating M&A Bank into the C-QUADRAT Group would increase total fee-generating assets at C-QUADRAT to approximately EUR 5.8 billion. The combined total assets of the two companies would amount to around EUR 200 million.
The transaction will allow considerable synergies to be released at both companies. In addition to pooling the two companies at a shared location, considerable synergies can be achieved in IT and other administrative areas, for example. There are also plans to bring the product offerings of the two companies in the asset management segment in line with each other and to eliminate redundancies, as well as to use M&A PrivatBank AG as the central custodian bank for C-QUADRAT's institutional fund brokerage activities. A merger of the companies' two private customer areas is currently being examined.
"Integrating M&A Bank in the C-QUADRAT Group will mark a material improvement in the starting point for further shared growth by both companies. The combination of the services of a professional private bank and the strengths of a rapidly growing and successful asset manager are ideal conditions for a successful future. Two highly professional teams will be joining forces to perfectly complement each other in the future," stated Thomas Rieß, founder and member of C-QUADRAT's Board of Management and Wolfgang Sieder, Board of Management member at M&A PrivatBank.
- Synergies across all divisions
- C-QUADRAT thus to increase fee-generating assets to EUR 5.8 billion
- Combined total assets: approximately EUR 200 million
C-QUADRAT Investment AG (ISIN AT0000613005) is planning - subject to positive due diligence, the approval of its Supervisory Board and the Supervisory Authorities - to purchase a 100% stake in Techno Verwaltungs- und Beteiligungs AG, the sole owner of M&A PrivatBank AG. M&A PrivatBank specialises in private banking, asset management and corporate finance and has fee-generating assets of EUR 1.3 billion. Integrating M&A Bank into the C-QUADRAT Group would increase total fee-generating assets at C-QUADRAT to approximately EUR 5.8 billion. The combined total assets of the two companies would amount to around EUR 200 million.
The transaction will allow considerable synergies to be released at both companies. In addition to pooling the two companies at a shared location, considerable synergies can be achieved in IT and other administrative areas, for example. There are also plans to bring the product offerings of the two companies in the asset management segment in line with each other and to eliminate redundancies, as well as to use M&A PrivatBank AG as the central custodian bank for C-QUADRAT's institutional fund brokerage activities. A merger of the companies' two private customer areas is currently being examined.
"Integrating M&A Bank in the C-QUADRAT Group will mark a material improvement in the starting point for further shared growth by both companies. The combination of the services of a professional private bank and the strengths of a rapidly growing and successful asset manager are ideal conditions for a successful future. Two highly professional teams will be joining forces to perfectly complement each other in the future," stated Thomas Rieß, founder and member of C-QUADRAT's Board of Management and Wolfgang Sieder, Board of Management member at M&A PrivatBank.
