Renzenbrink & Partner advises Equipe Germany GmbH on the sale of a leading asset manager to Summit Partners
12. March 2021Renzenbrink & Partner advised Equipe Germany GmbH and Mr. Christoph Lieber in connection with the sale of shares in a leading asset manager from the Rhine-Main area and the re-investment in Cinerius Financial Partners as well as the management participation program and other agreements.
The company sold is an independent and owner-managed asset manager that will continue to operate under the Cinerius umbrella alongside other bank-independent asset managers.
Switzerland-based Cinerius, a portfolio company majority-owned by Summit Partners, aims to unite selected bank-independent asset managers in German-speaking countries under one roof – while retaining their respective corporate identities – and to achieve greater growth momentum and profitability by leveraging economies of scale. Christoph Lieber will act as CEO of the Group in the future.
Summit Partners is a US private equity investor specializing in growth capital.
Completion of the transaction is still subject to the necessary regulatory approvals, among other things.
Renzenbrink & Partner advised Equipe Germany GmbH on all legal and tax matters with a team consisting of Dr. Ulf Renzenbrink and Jonas Hamm (both Corporate/PE) as well as Marc H. Kotyrba (Tax/PE).