Swiss family office to acquire stake in Augustus Capital

Ridhima Sharma
Swiss family office to acquire stake in Augustus Capital

Geneva based family office Preon Capital Partners has agreed on the acquisition of a 34% stake of Spanish asset management firm Augustus Capital AM, subject to the approval of the Spanish Regulator, CNMV.

Augustus Capital is led by Juan Uguet, and manages the Lierde Sicav, an equity fund created 25 years ago to manage the assets of the Alierta family. In 2018 Augustus Capital was authorised by the Spanish Regulator, CNMV, to operate as an asset management company.

Lierde is an actively managed open-ended investment fund, predominantly investing in Europe. Its investment philosophy is focused on companies without any size or sector restrictions that are able to create value on a sustainable basis. The fund shows an average annual return of 15% since its inception in 1994.

"We look forward to join forces with Augustus in the management of the Lierde fund and in other future initiatives. Augustus is the ideal partner for Preon as we share the same investment philosophy while having complementary skills," said Alberto de Min, CEO of Preon Capital.