Seven2's Strategic Acquisition of HRK LUNIS: A Game Changer
Seven2 Acquires HRK LUNIS for Strategic Growth
Seven2, a prominent European private equity firm, has recently announced an exciting development in its growth strategy. The company has signed a binding agreement to acquire a majority stake in HRK LUNIS, a renowned independent wealth management platform in Germany. This marks Seven2's first foray into the German market, reflecting its commitment to expanding its presence across Europe. The acquisition is subject to necessary regulatory approvals and is anticipated to finalize in the fourth quarter of the following year, with details about the transaction remaining confidential.
Leadership Transition at HRK LUNIS
The management team at HRK LUNIS, including CEO and co-founder Andreas Brandt, will continue to lead the company post-acquisition. Brandt will maintain a significant ownership stake as part of the transaction, ensuring continuity in leadership during this transformative period.
HRK LUNIS: A Comprehensive Wealth Management Provider
Founded with the vision to provide clients in Germany with a holistic wealth management experience, HRK LUNIS has emerged as a key player in the financial sector. The company delivers a competitive array of services, including discretionary wealth management, advisory, investment management, private equity, and family office services under its Wertiq brand. Through a seamlessly integrated platform, HRK LUNIS caters to over 2,200 clients, with more than €6.6 billion in assets under management.
Growth and Expansion: A Bright Future Ahead
In recent years, HRK LUNIS has solidified its status in the independent wealth management space following a significant merger between LUNIS and Hubert, Reuss & Kollegen in 2023, further enhanced by the acquisition of ProVidens in the subsequent year. With this partnership, the company is geared toward continued organic growth, enhancing its product offerings in alternative asset classes, and leveraging advanced digital capabilities to maximize customer satisfaction.
Strategic Vision for the Future
Together, HRK LUNIS and Seven2 aim to enhance their market presence, ensuring that clients benefit from superior service and innovative investment strategies. With a proactive acquisition strategy, HRK LUNIS seeks to attract potential partners and elevate their service offerings. This collaborative approach positions them to optimize operational efficiencies and better navigate regulatory landscapes.
Andreas Brandt expressed gratitude toward J.C. Flowers for their partnership over the past years and emphasized excitement about the new alliance with Seven2. "We are eager to leverage Seven2's sector expertise and M&A background to bolster our competitiveness in the independent wealth management arena as well as across the broader DACH region,” he stated.
Dr. Ilinca Rosetti, Operating Partner at J.C. Flowers, praised HRK LUNIS's remarkable growth and underscored the potential for further development with Seven2. The confidence exhibited by both teams is a testament to the opportunities within the DACH region, and it foretells a promising trajectory for HRK LUNIS.
An Overview of Seven2
Founded in 1972, Seven2 is an independent European private equity firm committed to investing in high-potential small- and medium-sized enterprises across two primary sectors: Technology & Telecom and Services. Its approach emphasizes collaboration with entrepreneurs, offering them the support necessary to achieve sustained growth. With offices located in cities such as Paris, Milan, Munich, and Amsterdam, Seven2 is well-positioned to realize its ambitious growth objectives.
Frequently Asked Questions
What is the significance of Seven2's acquisition of HRK LUNIS?
This acquisition represents Seven2's strategic expansion into the German market, enhancing its portfolio and growth potential across Europe.
Who will lead HRK LUNIS after the acquisition?
Andreas Brandt, the CEO and co-founder of HRK LUNIS, will continue to lead the company and retain a significant ownership stake.
What services does HRK LUNIS offer?
HRK LUNIS provides a comprehensive range of wealth management services such as discretionary management, advisory, investment management, and family office services.
How has HRK LUNIS positioned itself in the market?
HRK LUNIS is now one of the top five independent wealth managers in Germany, managing over €6.6 billion in assets for more than 2,200 clients.
What are the future growth plans for HRK LUNIS?
HRK LUNIS plans to continue its organic growth strategy by expanding product offerings and exploring acquisition opportunities.
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