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Zurich-based private equity boutique acquired by Schroders

Zurich-based private equity boutique acquired by Schroders

Zurich-based Adveq Holding has been acquired by Schroders as part of the firm's push into alternative assets, the firm announced on Thursday. 

Adveq Holding was founded in 1997 and specializes in private equity solutions and has $7 billion of client commitments across a mainly Swiss and German clientbase including one of the biggest institutional investors and pension funds. The company is authorised by Finma as well as the SEC. 

The acquisition of the firm increases Schroders' coverage of real estate and infrastructure finance. The firm said the purchase also increased its coverage within private assets.

Adveq said there would be no changes to its investment team, process or strategies following the deal, which is set to be completed in the second half of 2017, subject to regulatory approval. The terms of the deal were not disclosed to the media.

Commenting on the deal Bruno Raschle, founder and chairman of Adveq, said:

'Partnering with Schroders, a FTSE 100 global investment management business, provides Adveq with access to new markets and an enhanced proposition for our clients. Schroders’ stable ownership structure and heritage, which is closely aligned with Adveq’s long-term investment philosophy makes this an excellent fit.'

Peter Harrison, group chief executive of Schroders, added: ‘This acquisition is characterised by a strong cultural fit between our two firms – a shared client focus and commitment to delivering excellent investment performance.’

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