Paribus Group has expanded its private equity business area and acquired 100% stake in MHC Marble House Capital AG with effect from 31 December 2019.
BaFin's approval of the takeover of the fully regulated capital management company is expected in late January/early February 2020. The employees will be integrated into the Paribus group.
The acquisition of the fully regulated capital management company MHC Marble House Capital strengthens the private equity division of the Paribus Group.
"Private equity has become increasingly important in the past few decades, especially when it comes to investing capital from institutional investors. This was an important indicator for us to strategically align ourselves with the private equity area alongside our traditional asset classes of real estate and railways,"explained Volker Simmering, managing director of Paribus Kapitalverwaltungsgesellschaft.
"We are delighted to have found a new, strong partner in the Paribus Group, with whom we will continue and expand our company's investment strategy. It will be an advantage for our investors and our sales partners to benefit from the Paribus Group's network, "said Claus Kühn, member of the Board of MHC Marble House Capital AG.
Subject to the approval of BaFin, private equity activities of Paribus and Marble House Capital to merge in one company and thus to bring in the know-how of both companies and to broaden them. The cooperation also guarantees a long-term continuous continuation of the best possible support for investors and sales partners of Marble House Capital.