Investcorp acquires strategic minority investment 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). These awards reflected the bank’s strong performance in 2017 across its businesses in Geneva and Luxembourg, ahead of plans to further expand the bank’s geographical reach.
The NKF team was led by partners Manuel Werder, 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.