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December 4, 2020

Asteria and Obviam combine to form key impact investing player in Switzerland

By Amala Johney

Asteria Investment Managers, the impact investing affiliate of REYL & Cie, has forged a strategic alliance with Swiss impact private asset manager Obviam.

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The two companies will combine to form a ‘prominent player’ in the impact investing space, with over CHF1bn ($1.1bn) in assets under management.

Financial terms of the deal were not revealed.

The deal is said to build on Asteria’s core strategic plan devised upon its establishment last year.

Moreover, Obviam‘s private equity know-how is seen as a strong complement to Asteria’s liquid markets and private debt expertise.

Asteria Obviam – The unified entity

The merger will see Asteria head Katia Coudray become CEO of the combined entity, which will operate as Asteria Obviam.

This unified business will focus on intentional impact investing, with the aim of driving environmental and social progress across a full range of impact strategies.

It is also expected to deliver cross-benefits from its consolidated distribution network and technology platform utilising Big Data and Machine Learning.

Coudray said: “This new entity is reinforcing the Swiss Financial Place for Sustainable Investing, allowing to build bridges between the various impact segments and to intensify the collaboration within public and private sector around sustainability.”

Following the deal, the Obviam team will continue to be under the leadership of its founder and CEO Claude Barras. They will remain located in Bern.

According to Barras, the merger will allow Obviam to build on its aim of delivering “strong investment returns” for its clients and “investing profitably” to support people in developing and emerging markets.

He said: “Our combined expertise and aligned interests open doors to achieve an even greater level of impact for society by building on our track record to attract additional funds from the private sector.”

Continued support from REYL

The combined business, Asteria Obviam, will have the continued support from REYL which recently inked a strategic partnership with Fideuram – Intesa Sanpaolo Private Banking.

REYL & Cie CEO Francois Reyl said: “With this transaction, we aim not only to demonstrate our firm optimism in this asset class in words but, more importantly, to translate our engagement through action.

“We believe that this combined entity will be able to offer the opportunities that clients are increasingly requesting through a more inclusive and truly impactful way of investing.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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