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Cardea Europe AG: Cardea Group strengthens market position through acquisition of Olympia Wealth Management

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DGAP-News: Cardea Europe AG / Key word(s): Funds/Takeover
Cardea Europe AG: Cardea Group strengthens market position through acquisition of Olympia Wealth Management
05.05.2022 / 10:15
The issuer is solely responsible for the content of this announcement.

Cardea Group strengthens market position through acquisition of Olympia Wealth Management

- Strengthening of Wealth and Asset Management in Continental Europe

- Significant expansion of mutual fund business planned

- Cardea expects significant synergies

05 May 2022 - Frankfurt. Cardea Financial Services UK ("Cardea"), part of Cardea Corporate Holdings Inc, has agreed to fully acquire Olympia Wealth Management Ltd, a pan-European wealth and asset management company. The company is headquartered in Milan with additional offices and branches in Rome and London. Olympia Wealth Management is an asset management company fully regulated by the UK Financial Conduct Authority (FCA) and other European financial regulators, with Assets Under Management of around 400 million euro. Olympia has positioned itself in Italy, in particular, with eight investment funds covering a wide range of investment strategies. The deal is pending approval by the UK Financial Conduct Authority (FCA)

Founded in 2008, the company has a strong team over 30 people and manages a number of managed accounts in addition to its proprietary investment funds. The fund strategies focus on long-short, absolute return and alternative investments as well as Italy-focused investment strategies in various sectors.

With this acquisition, Cardea is accelerating its already established growth path and further leveraging synergies within the group. In addition, Cardea plans to acquire further asset managers and wealth advisors in line with its strategy in order to achieve further growth. In the area of sustainable investment strategies, with a particular focus on socially responsible and ESG investments, new products developed within the Cardea Group will also be brought to market.

Jordan Waring, founder and CEO of Cardea Group, said: "We are delighted to welcome Olympia's renowned and well-established team to the Cardea Group. Their high level of expertise in asset and wealth management, as well as their exceptionally stable network, perfectly complement our expansive approach. We are certain that together with the Olympia team, we will further consolidate our good market position in wealth and asset management in the continental European market and that our combined know-how will lead to further joint growth."

Riccardo Frascà, Executive Director of Olympia Wealth Management: "With Cardea, we have found exactly the right partner to accelerate our joint growth in Europe and further expand our good starting position in Italy."

About Cardea

Cardea is a global asset management firm with offices in Atlanta, London, Barcelona, and Frankfurt and more than US$ 19.5 billion of Assets under Management and Assets under Advisory. Through its subsidiaries, Cardea Capital Group and Cardea Capital Advisors, both SEC registered investment advisors, Cardea offers wealth management, institutional advisory, turnkey asset management platform services, and advisory services to both financial advisors, institutional clients, and individual investors.

About Olymipa

Olympia Wealth Management is an independent financial company which offers Wealth Management, Consulting and Private Insurance services for both private and institutional Clients. Based in London, Milan, and Rome. Olympia’s Team has multi-year experience in the analysis and management of investments. Olympia is regulated by the Financial Conduct Authority of UK (FCA) and it is qualified to operate in Italy as a non-EU investment firm with subsidiary, certified by Consob.

Cardea Europe AG
Lurgiallee 14
D-60439 Frankfurt am Main
Deutschland

Press contact

edicto GmbH
Axel Mühlhaus / Ralf Droz
Tel.: +49 (0) 69 90 55 05-54
email: rdroz@edicto.de

Disclaimer

Safe Harbor Statement

No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

If any statements in this document contain forward-looking statements, such statements do not represent facts and are characterized by the words 'will', 'expect', 'believe', 'estimate', 'intend', 'aim', 'assume' or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of DESIAG and/or CARDEA EUROPE AG and the persons acting together with DESIAG and/or CARDEA EUROPE AG. Such forward-looking statements are based on current plans, estimates and forecasts which DESIAG and/or CARDEA EUROPE AG and the persons acting together with DESIAG and / or CARDEA EUROPE AG have made to the best of their knowledge, but which do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by DESIAG and / or CARDEA EUROPE AG or the persons acting together with DESIAG and / or CARDEA EUROPE AG. It should be kept in mind that the actual events or consequences may differ materially from those contained in or expressed by such forward-looking statements.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.


05.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:

English

Company:

Cardea Europe AG

Lurgiallee 14

60439 Frankfurt am Main

Germany

Phone:

069 - 870 08 79 296

E-mail:

investor-relations@cardea-europe.de

Internet:

www.cardea-europe.de

ISIN:

DE000A3H2ZP5

WKN:

A3H2ZP

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1344497


Notierung vorgesehen. / Designated to be listed.

 

End of News

DGAP News Service

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