Swiss Merchant Group AG, CH0323874260

Swiss Merchant Group AG, CH0323874260

18.11.2021 - 10:37:03

Swiss Merchant Group AG has acquired a 9,9% equity stake in the US Asset & Wealth Management Group CARDEA Corporate Holding, Inc.

is a Securities and Exchange Commission (SEC) - regulated Asset- and Wealth Manager Group, active in the US with about USD 3,2 Billion of Assets under Management (AuM). CARDEA offers a broad range of services around Asset- &?Wealth Management for its own and external Asset Manager Teams and pursues a consolidation strategy in the fragmented Asset Management space through acquisitions of suitable outfits fitting the investment criteria in the US and Europe. The CARDEA Group has subsidiaries and affiliates in the US, UK, Spain and Germany. With a substaintial target acquisition pipeline of European and US Asset Managers, CARDEA aims to reach in the mid-term total AuM above 15 Billion.

Luke Heatley, Senior Portfolio Manager of the Swiss Merchant Group AG: "We are delighted to be part of the CARDEA platform and to contribute our commitment and efforts to the further successful execution of the acquisitions strategy aiming to add European and US based Asset- and Wealth Managers"

Jordan Waring, CEO of Cardea Corporate Holdings, Inc. "Partnering with and welcoming as a shareholder Swiss Merchant Group is an exciting step forward for us. We believe their knowledge and experience will make a substantial contribution to Cardea as we move into the next phase of our growth story, and as we look to make important strategic acquisitions in Europe."

Swiss Merchant Group AG is a Swiss Investor, specializing in asset-backed investments and participations in the real estate and financial services sectors.

Swiss Merchant Group AG Bahnhofplatz CH-6300 Zug + 41 41 511 37 Disclaimer

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The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.

End of announcement



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Language: English Company: Swiss Merchant Group AG Bahnhofsplatz, 4th Floor 6300 Zug

Switzerland Phone: +41 41 511 37 00 E-mail: Internet: ISIN: CH0323874260 WKN: A1817G Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt EQS News ID: 1250123 ? End of News DGAP News Service