Investcorp’s acquisition of strategic minority interest in Banque Pâris Bertrand Sturdza

Niederer Kraft Frey advised Investcorp, a global provider and manager of alternative investment products, on the acquisition of a strategic minority investment in Banque Pâris Bertrand Sturdza, an independent, Swiss-regulated private bank based in Geneva and Luxembourg.

The bank has experienced strong growth since its establishment in Geneva in May 2009, growing its assets under management (AuM) at an average yearly growth rate of 35% to CHF 5.3 billion (USD 5.4 billion) as of June 2018. The bank provides independent investment advice and customised investment solutions to over 400 high-net-worth individuals, family offices and institutional clients mainly from Switzerland and Europe. The bank was recognised in 2017 as the best domestic Swiss Private Bank (WealthBriefing Swiss Awards) and also as the institutional clients Private Bank of the Year in Switzerland (The European Global Banking and Finance Awards).

The Bank will be renamed “Banque Pâris Bertrand SA” (PB), and will remain operationally independent. With Investcorp taking on the role as a strategic partner together with minority private investors, there will be no changes to the overarching governance structure of the Bank; nor to day-to-day interactions with clients.

The NKF team was led by partners Manuel Werder (picture), Corporate/M&A, and Christoph Balsiger, Banking, Finance & Regulatory, working with partner Nicolas Birkhäuser, Antitrust/Competition, associate Samuel Hochstrasser, Banking, Finance & Regulatory, senior associate Moritz Maurer and junior associate Aurèle Bertrand, both Corporate/M&A.

 

Involved fees earner: Manuel Werder – Niederer Kraft & Frey Ltd; Moritz Maurer – Niederer Kraft & Frey Ltd; Aurèle Bertrand – Niederer Kraft & Frey Ltd; Christoph Balsiger – Niederer Kraft & Frey Ltd; Samuel Hochstrasser – Niederer Kraft & Frey Ltd; Nicolas Birkhäuser – Niederer Kraft & Frey Ltd;

Law Firms: Niederer Kraft & Frey Ltd;

Clients: Investcorp;