Lincoln International advises the quoted French Boursorama Group in its sale of its German retail asset manager Veritas SG to Augur Capital, Frankfurt
Boursorama S.A. has sold its asset manager Veritas SG GmbH to Augur Capital AG Frankfurt. Veritas SG, a German KAG (Kapitalanlagegesellschaft), is the German asset management subsidiary of Boursorama S.A. Veritas SG manages 23 mutual funds with approx. € 920 million in assets under management (“AUM”) as of end of March 2008. Veritas SG regards itself as the market leading product innovator within the ETF funds of funds segment. Veritas SG’s growth prospects will be enhanced through teaming up with Augur Capital in order to further establish its already well-recognized brand name and customer base in Germany.
Boursorama S.A. is a major player in online savings in Europe and is part of the Société Générale Group. In Germany, Boursorama is present under the brand OnVista Bank. After this reorganization, Boursorama will focus on its core business: the direct sale of financial products to retail customers.
Augur Capital is a Frankfurt based Private Equity firm focusing on the financial institutions sector. Augur Financial Opportunity SICAV is the first Private Equity Fund specialized on investments in the financial services industry in Europe, primarily in the insurance sector.
About Lincoln International
Lincoln International specializes in merger and acquisition services, private capital raising, and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris and Vienna, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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