London-based investment house Schroders is to acquire the specialist Swiss private equity firm Adveq for an undisclosed amount.
Schroders said in a statement that the deal, expected to complete in the second half of this year, would accelerate the growth of its private assets business and would complement its existing real estate and infrastructure finance sectors.
With more than $7 billion (€6.5 billion) of client commitments and a predominately Swiss and German client base, Adveq’s clients include some of the largest institutional investors and pension funds in the region.
In recent years, Zurich-based Adveq has successfully established a premium client base in the US and other international markets.
Peter Harrison, chief executive of Schroders, said: “Adveq’s impressive investment proposition, proven track record and strong position within key markets makes this partnership a complementary combination.”
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