Geneva-based investment firm Quaero Capital is merging with the Asian equity specialist Tiburon Partners, in a deal still subject to regulatory approval.
Once the merger is complete, both firms will manage more than $2.3bn (€1.93bn) in assets and will 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 in Europe.
Quaero Capital CEO Jean Keller said: “We are delighted to be joining forces with another excellent value specialist as our skills and expertise are wholly complementary. We are also excited to have a substantial presence in London, one of the key centres for investment talent in the world.”
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 $900m (€755m).
Quaero Capital, founded in 2005 in Geneva and 100% employee-owned, manages some $1.4bn (€1.17bn) in assets and comprises a team of 53 individuals.