Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Schroders snaps up $7bn private equity firm

Schroders snaps up $7bn private equity firm

Schroders has struck a deal to buy private equity business Adveq Holdings.

The deal, for an undisclosed sum, will see $7 billion (£5.5 billion) in Adveq assets added to Schroders' balance sheet.

Subject to regulatory approval, the purchase is expected to complete in the second half of 2017. 

Adveq, which was formed 20 years ago, has a predominately Swiss and German institutional and pension client base. 

In recent years it has extended its global reach, with the US in particular becoming a key market.  

Schroders said the acquisition complements its existing capabilities and expertise in real estate and infrastructure finance.

'This acquisition is characterised by a strong cultural fit between our two firms – a shared client focus and commitment to delivering excellent investment performance,' Schroders chief executive Peter Harrison (pictured) said in a statement. 

'Adveq’s impressive investment proposition, proven track record and strong position within key markets makes this partnership a complementary combination.

'We look forward to introducing Adveq’s unique capabilities to our clients.' 

Adveq founder and chair Bruno Raschle added the partnership would provide his firm 'with access to new markets and an enhanced proposition' for clients.

'Schroders’ stable ownership structure and heritage, which is closely aligned with Adveq’s long-term investment philosophy makes this an excellent fit,' Raschle added.

There will be no changes to the Adveq investment team, process or strategies following the acquisition. 


Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter