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Swiss Merchant Group AG has acquired a 9,9% equity stake in the US Asset & Wealth Management Group CARDEA Corporate Holding, Inc.

·2-min read

DGAP-News: Swiss Merchant Group AG / Key word(s): Investment/Financing
18.11.2021 / 10:33
The issuer is solely responsible for the content of this announcement.

Swiss Merchant Group AG Corporate News:

Swiss Merchant Group AG
announces a strategic participation of 9,9% of the share capital of the US-based CARDEA Corporate Holding Inc., headquartered in Atlanta, Georgia.

CARDEA Corporate Holding Inc. («CARDEA»), www.cardeacap.com is a Securities and Exchange Commission (SEC) - regulated Asset- and Wealth Manager Group, active in the US with about USD 3,2 Billion of Assets under Management (AuM). CARDEA offers a broad range of services around Asset- & Wealth Management for its own and external Asset Manager Teams and pursues a consolidation strategy in the fragmented Asset Management space through acquisitions of suitable outfits fitting the investment criteria in the US and Europe. The CARDEA Group has subsidiaries and affiliates in the US, UK, Spain and Germany. With a substaintial target acquisition pipeline of European and US Asset Managers, CARDEA aims to reach in the mid-term total AuM above 15 Billion.

Luke Heatley, Senior Portfolio Manager of the Swiss Merchant Group AG: "We are delighted to be part of the CARDEA platform and to contribute our commitment and efforts to the further successful execution of the acquisitions strategy aiming to add European and US based Asset- and Wealth Managers"

Jordan Waring, CEO of Cardea Corporate Holdings, Inc. "Partnering with and welcoming as a shareholder Swiss Merchant Group is an exciting step forward for us. We believe their knowledge and experience will make a substantial contribution to Cardea as we move into the next phase of our growth story, and as we look to make important strategic acquisitions in Europe."

Swiss Merchant Group AG is a Swiss Investor, specializing in asset-backed investments and participations in the real estate and financial services sectors.

Swiss Merchant Group AG
Bahnhofplatz
CH-6300 Zug
+ 41 41 511 37 00
info@swissmerchantgroup.com
www.swissmerchantgroup.com

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 Swiss Merchant Group AG and the persons acting together with Swiss Merchant Group AG. Such forward-looking statements are based on current plans, estimates and forecasts which Swiss Merchant Group AG and the persons acting together with Swiss Merchant Group 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 Swiss Merchant Group AG or the persons acting together with Swiss Merchant Group 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.

End of announcement

 

 


18.11.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Swiss Merchant Group AG

Bahnhofsplatz, 4th Floor

6300 Zug

Switzerland

Phone:

+41 41 511 37 00

E-mail:

info@swissmerchantgroup.com

Internet:

www.swissmerchantgroup.com

ISIN:

CH0323874260

WKN:

A1817G

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt

EQS News ID:

1250123


 

End of News

DGAP News Service

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