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euro adhoc: Fortune Management Inc. / Mergers - Acquisitions - Takeovers / Fortune acquires the Geneva-based Asset Management Company Van Daalen and increases its Assets under Management to over CHF 1
Geschrieben am 11.05.2007 - [Nächster Artikel] |
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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11.05.2007
Zug/Switzerland, May 11th, 2007 - Fortune Management Inc. (General
Standard, ISIN USU026281027, USU026281365, USU026281779; SIN: A0BLYY,
A0ETG9, A0JC62) through its subsidiary FORTUNE Wealth Management AG
has acquired the asset management firms Van Daalen & Cie. SA in
Geneva, Switzerland, and Van Daalen International Ltd in Nassau,
Bahamas.
Van Daalen manages over CHF 650 million in private client funds
world-wide. The companies were founded in 1991 (Geneva) and 2000
(Nassau), and primarily advise traditional European high net worth
individuals. The acquisition in the Bahamas must still be approved by
the relevant local authorities.
The Van Daalen Companies will be part of the FORTUNE Wealth
Management Group AG. With its current majority holdings in eight
asset managers, the group now manages over CHF 1.5 bn in client
assets. Dr. Peter Moertl, CEO of the FORTUNE Wealth Management Group
AG, will serve as the Chairman of the Board of both companies. Both
entities, which are highly profitable, will be able to contribute
significantly to the net result of the Wealth Management Group.
With the acquisition of the Van Daalen Group, FORTUNE further
substantiates its strategy to advance FORTUNE Wealth Management AG as
one of the leading platforms for the consolidation of independent
asset managers. This concept, which was launched nearly three years
ago, concentrates on providing solutions to succession planning, as
well as on realizing economies of scale in the investment management,
while simultaneously maintaining each individual asset manager´s
independent market appearance and brand.
(End of Ad-hoc-Message)
René Müller, CEO FORTUNE Management Inc., comments: "This transaction
is a significant milestone in the development of FORTUNE Wealth
Management Group AG. The firm has now achieved the critical size,
which allows it to target even more substantial transactions and to
reach the goals it has set for itself according to plan. On the
FORTUNE Management level, we will also be able to greatly benefit
from the global experience of Van Daalen´s CEO Xavier
Gonzales-Florenzano and his team."
"With FORTUNE we have found a partner, who, with his positioning and
range of offerings, can provide our clients with additional leverage.
The sophisticated IT platform and the exceptionally well performing
range of products from FORTUNE create critical and additional client
benefits", according to Xavier Gonazales-Florenzano, CEO Van Daalen
Group.
Dr. Peter Moertl, CEO FORTUNE Wealth Management Group AG, says: "On
one hand, with Van Daalen FORTUNE immediately gains a strong position
in the international financial market in Geneva. On the other hand,
Van Daalen strengthens the growing portfolio of FORTUNE Wealth
Management in a meaningful way and sets the stage for further growth
potential."
Profile of FORTUNE Management Inc.: FORTUNE Management Inc.,
Zug/Switzerland, is a publicly listed private equity firm. Its two
business divisions are Private Equity Management and Principal
Investments. Private Equity Management achieves consistent revenues
from the management of specialised funds, whereas Principal
Investments comprises direct investments (e.g. in bio-diesel
manufacturer GATE or in the Swiss asset managers Fortune Wealth
Management Group AG) with a view to capital gains. FORTUNE Management
Inc. has subsidiaries in Zug, Zurich, Geneva, Luxemburg, Rotterdam,
Santiago de Chile, Würzburg and Vienna, as well as a branch in Dubai.
The company´s shares (ISIN: USU 026281027) are listed in the General
Standard segment of Frankfurt Stock Exchange (symbol: FMI1) and on
the DIFX in Dubai.
Contact:
FORTUNE Management Inc.
Hubertus Väth
Phone +49 69 9441 8081
IR@fortune-management.com
Bahnhofstrasse 10
P.O. Box 324
CH-6301 Zug
end of announcement euro adhoc 11.05.2007 08:30:00
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ots Originaltext: Fortune Management Inc.
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Michael Staab
New Mark Finanzkommunikation
Tel.: +49(0)69 94418097
E-Mail: michael.staab@newmark.de
Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Börsen: Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Frankfurter Wertpapierbörse / regulated dealing/general
standard
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