Europe/Vienna – 23:44

Vienna/Hongkong/Hainan, 17 May 2019

Alexander Schütz and Cristobal Mendez de Vigo take over controlling stake in asset manager C- Quadrat Investment Group - Jebsen Group acquires minority stake

The founder and CEO of C-Quadrat Investment Group ("C- Quadrat"), Alexander Schütz and board member and shareholder Cristobal Mendez de Vigo will jointly acquire a majority stake in the Austrian asset manager C-Quadrat and thus regain full control of the company. At the same time, the Hong Kong-based distribution, marketing and investment company Jebsen Group is acquiring a minority stake in the company. This was announced by the parties today. For this purpose, the acquirers will take over the share of Chinese conglomerate HNA Group (HNA) in Cubic, an investment vehicle which owns 100 percent of C-Quadrat. Through the transaction, HNA completely disposes its stake in C-Quadrat. The transaction will not have any impact on C-Quadrat's investment strategy or fund products. The acquisition is still subject to regulatory approvals. Further details of the transaction were not disclosed.


Chinese conglomerate HNA acquired a minority stake in C-Quadrat via Cubic in 2016 and increased the position to a majority stake one year later. As part of the realignment of its global strategy, HNA has decided to focus its activities on its core aviation business. C-Quadrat founder and CEO Alexander Schütz said: "We would like to thank HNA for their support and excellent cooperation over the past two years." Schütz added: "We are pleased that we have been able to bring in the Jebsen Group as a co-investor, a company with over 120 years of history and experience in Greater China that will accompany the planned further development of C-Quadrat in Europe and Asia. We see excellent growth opportunities in both markets, which we aim to address together."


Hans Michael Jebsen, Chairman of the Jebsen Group, commented on the acquisition: "We regard this as a great opportunity to invest in a renowned and award-winning asset manager such as C-Quadrat and look forward to supporting the company in its future growth plans."


About C-Quadrat


The C-Quadrat Investment Group consists of several independent asset management companies that specialise in quantitative and discretionary absolute and total return strategies. The goal of all investment activities is to achieve continuous, flexible and sustainable growth in value for institutional and private investors. The C-Quadrat Investment Group was established in Vienna in 1991. Today, with offices in Vienna, London, Frankfurt, Paris, Geneva, Zurich, Madrid and Yerevan, it operates in more than 20 countries throughout Europe and Asia.


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