Vienna/Hongkong/Hainan, 17 May 2019Alexander 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."
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.
About Jebsen Group
Founded in 1895, the Jebsen Group is a private, family-owned distribution, marketing and investment company headquartered in Hong Kong and deep roots in Europe. With a long and established presence and deep understanding of Greater China, the Jebsen Group is committed to supporting its partners' needs in building market demand, generating and supporting sales, and serving as an important link to customers throughout the region. The Group has six business lines including Beverage, Consumer, Industrial, Motors, Logistics and the investment arm Jebsen Capital. Jebsen offers some 200 of the world's leading products extensive local market access with a high degree of specialisation. Outside the region, the Jebsen Group enjoys close ties with sister companies in Southeast Asia, Australia, Germany and Denmark. For more information, visit www.jebsen.com.
HNA Group is a global company focused on aviation and aviation-related businesses with assets and operations in the United States, Europe and Asia. Founded in China in 1993 and cultivating its strong roots in air travel and logistics. For more information, visit www.hnagroup.com.
Charles Barker Corporate Communications
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