Copying and distributing are prohibited without permission of the publisher
Hansa Aktiengesellschaft acquires SVGIM
25 September 2013
The Swiss firm has acquired the fund management firm from SVG Capital
Hansa Aktiengesellschaft (Hansa), a Swiss-based international investor, has acquired specialist fund manager SVG Investment Managers Ltd (SVGIM) from SVG Capital following regulatory approval.
Hansa is now the majority stakeholder in SVGIM, with the senior management of SVGIM holding a significant minority stake.
SVGIM is a London-based specialist manager that invests in UK equities by applying private equity techniques to public markets and has assets under management of £200m.
Adam Steiner, CEO of SVGIM, commented: : “We look forward to developing our existing business to build a world class asset manager, with a focus on unconstrained investment in high quality public companies and constructive corporate engagement.”
Under the new structure, SVGIM continues to operate its existing managed funds as before. SVGIM currently manages the SVG UK Focus Fund, an Irish listed open-ended investment company; and Strategic Equity Capital,, a London-listed investment trust.