Borel & Barbey advised Asteria in this transaction.
Asteria Investment Managers, the recently launched impact investing firm controlled by REYL & Cie Ltd, is to enter into a strategic tie-up with Swiss impact private asset manager Obviam AG, in a partnership that will bring together complementary skills to create a unique and prominent player within the impact investing ecosystem.
This transaction fits perfectly with Asteria’s core strategic plan devised upon its creation in 2019. Obviam‘s recognised private equity expertise offers strong complementarity with Asteria’s liquid markets and private debt focus. Moreover, Obviam’s long-standing quality track record with public Development Finance Institutions such as SIFEM from the Swiss Confederation can resonate and attract new funding through Asteria’s private institutional network.
The new entity, to be named Asteria Obviam, will reinforce its positioning as a player fully dedicated to intentional impact investing, focused on favouring environmental and social progress across the full spectrum of impact strategies. The company will also generate cross-benefits from its consolidated distribution network and state-of-the-art technology platform using Big Data and Machine Learning. This transaction will give rise to a unique impact asset management group with over CHF 1 billion AUM, a 20-year track-record and more than 50 investment professionals.
The Borel & Barbey team was led by Luca Bozzo (Picture) and Alexandre Gallopin for all contractual and corporate matters, and by Arnaud Cywie, Alfred Girod and Antoine Pioger for all tax matters.
Law Firms: Borel & Barbey;
Clients: Asteria Investment Managers;