Privately-held, Geneva-based investment manager Quaero Capital is to merge with London-based Asian equity specialist Tiburon Partners, the companies announced today.
The deal, which is subject to regulatory approval, would see a single entity that would manage more than US$2.3bn (£1.7bn) in assets, and would operate under the Quaero Capital brand.
The agreement will enable Quaero Capital to expand its presence in London and will boost the distribution of Tiburon Partners’ funds throughout Europe, according to a statement announcing the merger.
Quaero Capital chief executive Jean Keller said the company looked forward to joining forces “with another excellent value specialist”, and to having a “substantial presence in London”.
Tiburon Partners’ senior partner Rupert Kimber added: “Quaero Capital’s managers think and work like us. They have a similar investment approach based on value orientated, concentrated portfolios.
“So, naturally, we are keen to partner with a firm which shares our philosophy, and can take our offering more widely around Europe.“
Tiburon Partners was established in 2003 as a value manager specialised in Asian and Japanese equities. The firm – wholly owned by its senior employees – manages some US$900m (€754m, £665m).
Quaero Capital, founded in 2005 in Geneva, and 100% employee-owned, manages some US$1.4bn in assets and employs 53 asset managers and other staff.