Gottex Fund Management and EIM Group have agreed to merge their businesses to form a new global investment management company.
The new firm will be headquartered in Switzerland and will have offices in London, Boston, New York, Hong Kong and Shanghai.
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According to Gottex, the fee earning assets of the combined group will be close to US$10 billion by the first half of 2014, spanning across its investment, advisory and risk management solutions.
Following the close of transaction, both combined entity will launch a platform to offer its clients with premier solutions in multi-asset, multi-manager and Asia-focused investments as well as risk and infrastructure services.
As part of the move, EIM shareholders will receive up to 14 million newly issued Gottex shares.
Additionally, Gottex shareholders will own approximately 70% of the enlarged group while EIM shareholders will own approximately 30%.
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By GlobalDataJoachim Gottschalk, chairman and CEO of Gottex, said: "We are very pleased to have reached agreement with EIM to merge our two enterprises, which will bring increased scope, economy of scale and growth opportunity to the combined entity.
"Our global reach and combined investment and risk management teams will offer our valued clients enhanced services and solutions for their alternative investments, risk monitoring and multi asset allocations."
The transaction will be subject to approval of relevant regulatory authorities, as well as Gottex shareholders with regards to the issue of the new shares.
