StarCapital AG, an asset management arm of Switzerland-based group Bellevue is set to purchase German investment company Mars Asset Management GmbH based in Bad Homburg.
The transaction remains subject to approval by the supervisory authorities and to the fulfillment of various preconditions. Financial terms of the deal were not disclosed.
Mars AM will be fully integrated into StarCapital, owned by Bellevue Group since Summer 2016, with retroactive effect from 1 January 2018.
Founded in 2013, Mars AM focuses on multi-asset strategies with capital protection. As at end of March 2018, it managed assets of around CHF450m, primarily from institutional investors.
Mars AM’s three investment specialists – Andreas Bichler, Damian Krzizok and Jens Kummer, will join StarCapital. The transaction enables StarCapital to expand its multi-asset product range and to bolster its German presence.