Luxem\u00adbourg \u2014 Univer\u00adsal Invest\u00adment Group and the share\u00adhol\u00adders of Euro\u00adpean Fund Admi\u00adnis\u00adtra\u00adtion (EFA) \u2014 Banque de Luxem\u00adbourg, Banque et Caisse d\u2019\u00c9pargne de l\u2019\u00c9tat, Oddo BHF and Quin\u00adtet Private Bank (Europe) S.A. \u2014 have agreed on the acqui\u00adsi\u00adtion of EFA by Univer\u00adsal Invest\u00adment Group. The tran\u00adsac\u00adtion is still subject to appr\u00adoval by the Luxem\u00adbourg finan\u00adcial regu\u00adla\u00adtor CSSF and is expec\u00adted to close in the second half of 2022.<\/p>\n
Foun\u00added in 1996, EFA is one of the leading provi\u00adders of fund admi\u00adnis\u00adtra\u00adtion, private asset services, and front, middle and back office solu\u00adti\u00adons, with offices in Luxem\u00adbourg and France and nearly \u20ac167 billion in assets under admi\u00adnis\u00adtra\u00adtion as of the end of 2021. Clients include banks, asset mana\u00adgers, insu\u00adrance compa\u00adnies, asset mana\u00adgers, family offices and insti\u00adtu\u00adtio\u00adnal investors.<\/p>\n
The Univer\u00adsal Invest\u00adment Group is one of the largest fund service plat\u00adforms in Europe with around 750 billion euros in assets under admi\u00adnis\u00adtra\u00adtion, appro\u00adxi\u00adm\u00adately 2,000 retail and insti\u00adtu\u00adtio\u00adnal fund manda\u00adtes and more than 1,000 employees at loca\u00adti\u00adons in Frank\u00adfurt am Main, Luxem\u00adbourg, Dublin, London, Hamburg and Krakow. In recent years, Univer\u00adsal Invest\u00adment has joined the ranks of the few major inter\u00adna\u00adtio\u00adnal play\u00aders in this market. In addi\u00adtion to the DACH region, Univer\u00adsal Invest\u00adment is successfully driving inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion through Luxem\u00adbourg and Irish fund hubs, espe\u00adci\u00adally for inter\u00adna\u00adtio\u00adnal asset managers.<\/p>\n
The combi\u00adna\u00adtion of the two compa\u00adnies streng\u00adthens their joint presence in the Euro\u00adpean markets with combi\u00adned assets under admi\u00adnis\u00adtra\u00adtion of more than 900 billion euros in over 7,000 funds and structures.<\/p>\n
Fernand Reiners, Chair\u00adman of the EFA Board of Direc\u00adtors<\/strong>, comm\u00adents: \u201cEFA and Univer\u00adsal Invest\u00adment share a simi\u00adlar history, compa\u00adra\u00adble busi\u00adness models and objec\u00adti\u00adves. Both were origi\u00adnally foun\u00added by banks to pool fund admi\u00adnis\u00adtra\u00adtion exper\u00adtise. The fact that clients can focus on their core busi\u00adness thanks to the specia\u00adlists was and is the driver for the strong growth of both compa\u00adnies. We are convin\u00adced that this success story will conti\u00adnue by entrus\u00adting EFA to the Univer\u00adsal Invest\u00adment Group. As stra\u00adte\u00adgic clients, the exis\u00adting share\u00adhol\u00adders are commit\u00adted to contri\u00adbu\u00adting to the long-term success of EFA as part of the Univer\u00adsal Invest\u00adment Group.\u201d<\/p>\n Michael Rein\u00adhard<\/strong> (Photo, \u00a9 UI), CEO of the Univer\u00adsal Invest\u00adment Group<\/strong>, adds: \u201cEFA is a perfect fit for Univer\u00adsal Invest\u00adment and our growth story. The merger with EFA is not only another mile\u00adstone towards our goal of beco\u00adming the leading Euro\u00adpean inves\u00adtor services plat\u00adform and Super\u00adManCo, but also for our ambi\u00adtion to offer our clients the full spec\u00adtrum of inves\u00adtor services\u201d. EFA will act as the Group\u2019s inter\u00adna\u00adtio\u00adnal inves\u00adtor services plat\u00adform based in Luxem\u00adbourg and France, comple\u00admen\u00adting the Frank\u00adfurt admi\u00adnis\u00adtra\u00adtion plat\u00adform for the DACH region. \u201cOur custo\u00admers will bene\u00adfit from addi\u00adtio\u00adnal solu\u00adti\u00adons in the area of alter\u00adna\u00adtive invest\u00adments and private assets. The combi\u00adna\u00adtion of our successful busi\u00adness models will further acce\u00adle\u00adrate both the growth and the inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion of our joint company. Toge\u00adther, we intend to signi\u00adfi\u00adcantly expand our custo\u00admer base in Scan\u00addi\u00adna\u00advia, France and the Bene\u00adlux count\u00adries, among others. We are ther\u00ade\u00adfore very plea\u00adsed to welcome EFA\u2019s employees and clients to the Univer\u00adsal Invest\u00adment Group.\u201d<\/p>\n Both compa\u00adnies have specia\u00adli\u00adzed busi\u00adness models in asset servicing and share the idea of an open and modu\u00adlar plat\u00adform for the finan\u00adcial services indus\u00adtry. Custo\u00admers will bene\u00adfit from the merger in the form of a specia\u00adli\u00adzed finan\u00adcial services company with a clear busi\u00adness model, new product deve\u00adlo\u00adp\u00adments, parti\u00adcu\u00adlarly in the area of private and alter\u00adna\u00adtive invest\u00adments, and inno\u00adva\u00adtive strength, for exam\u00adple in the area of digi\u00adtal assets. Toge\u00adther, the two compa\u00adnies aim to signi\u00adfi\u00adcantly expand their custo\u00admer base in Scan\u00addi\u00adna\u00advia, France and the Bene\u00adlux count\u00adries, among others.<\/p>\n About the Euro\u00adpean Fund Administration<\/strong> With offices in Luxem\u00adbourg and France, EFA, foun\u00added in 1996, is one of the leading provi\u00adders of fund admi\u00adnis\u00adtra\u00adtion, private asset services and front, middle and back office solu\u00adti\u00adons. Clients include banks, asset mana\u00adgers, insu\u00adrance compa\u00adnies, asset mana\u00adgers, family offices and insti\u00adtu\u00adtio\u00adnal inves\u00adtors. More at www.efa.eu.<\/p>\n About Univer\u00adsal Invest\u00adment Group<\/strong> Luxem\u00adbourg \u2014 Univer\u00adsal Invest\u00adment Group and the share\u00adhol\u00adders of Euro\u00adpean Fund Admi\u00adnis\u00adtra\u00adtion (EFA) \u2014 Banque de Luxem\u00adbourg, Banque et Caisse d\u2019\u00c9pargne de l\u2019\u00c9tat, Oddo BHF and Quin\u00adtet Private Bank (Europe) S.A. \u2014 have agreed on the acqui\u00adsi\u00adtion of EFA by Univer\u00adsal Invest\u00adment Group. The tran\u00adsac\u00adtion is still subject to appr\u00adoval by the Luxem\u00adbourg finan\u00adcial regulator [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39673,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367],"tags":[],"class_list":["post-39939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en"],"yoast_head":"\n
\nEFA will remain an inde\u00adpen\u00addent busi\u00adness unit as part of the Univer\u00adsal Invest\u00adment Group and under the Univer\u00adsal Invest\u00adment brand. The company comple\u00adments Univer\u00adsal Invest\u00adment\u2019s busi\u00adness model and toge\u00adther they will expand the port\u00adfo\u00adlio of services for inter\u00adna\u00adtio\u00adnal clients in the future. Univer\u00adsal Invest\u00adment Luxem\u00adbourg will conti\u00adnue to operate the successful inter\u00adna\u00adtio\u00adnal third-party ManCo and AIFM busi\u00adness for the Group inde\u00adpendently of EFA.<\/p>\n
\nUniver\u00adsal Invest\u00adment Group is one of the leading Euro\u00adpean fund service plat\u00adforms and Super ManCos. Foun\u00added in 1968, the company is an inde\u00adpen\u00addent plat\u00adform offe\u00adring fund initia\u00adtors and insti\u00adtu\u00adtio\u00adnal inves\u00adtors struc\u00adtu\u00adring and admi\u00adnis\u00adtra\u00adtion solu\u00adti\u00adons as well as risk manage\u00adment for secu\u00adri\u00adties, real estate and alter\u00adna\u00adtive invest\u00adments. The compa\u00adnies UI Labs, UI Enlyte and CAPin\u00adside round off the Group\u2019s inno\u00adva\u00adtive service offering.<\/p>\n","protected":false},"excerpt":{"rendered":"