Renzenbrink & Partner advises Equipe Germany GmbH on the sale of a leading asset manager to Summit Partners
11 March 2021
Renzenbrink & Partner advised Equipe Germany GmbH and Mr. Christoph Lieber in connection with the sale of shares in a leading asset manager based in the Rhine-Main region and the re-investment in Cinerius Financial Partners as well as the management equity program and other agreements.
The sold company is an independent and owner-managed asset manager that is to be continued under the Cinerius umbrella alongside other bank-independent asset managers.
Switzerland-based Cinerius, a portfolio company majority-owned by Summit Partners, aims to combine selected bank-independent asset managers in the German-speaking region under one roof – while preserving their respective corporate identities – to achieve further growth and improve earnings through economies of scale. Christoph Lieber will serve as the group’s CEO going forward.
Summit Partners is a US private equity investor specializing in growth capital.
The closing of the transaction is subject to the necessary regulatory approvals.