Vontobel Group Acquires Majority Participation In Harcourt

Harcourt Investment Consulting announced that Vontobel Holding AG is acquiring a 56% participation in Harcourt. from NIB Capital NV (NIBC). Harcourt will become the center of competence for the Vontobel Group with regard to the provision of multi hedge and

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Harcourt Investment Consulting announced that Vontobel Holding AG is acquiring a 56% participation in Harcourt. from NIB Capital NV (NIBC).

Harcourt will become the center of competence for the Vontobel Group with regard to the provision of multi-hedge and fund of hedge fund solutions. Harcourt’s Management Team will maintain autonomy over the business including operational and investment decisions and Harcourt will be run as a separate brand. Harcourt’s Management and employees will continue to be shareholders of the company.

Philipp Cottier, chief executive officer of Harcourt, commented, “Vontobel and Harcourt are an excellent strategic fit. Given both our established brand names and Harcourt’s track record as a leader in the institutional fund of hedge fund market, our products and clients will benefit from the significant corporate backing of Vontobel. We are very enthusiastic and looking forward to working with the team at Vontobel, and accelerating our plans to become a market leader in the industry.”

Herbert Scheidt, chief executive officer of Vontobel, commented, “As an internationally renowned supplier of hedge fund solutions that are geared towards generating long-term client value, Harcourt ideally complements Vontobel in the field of actively managed specialty products. As a result of this majority holding, our institutional clients will profit from Harcourt’s first-class research and portfolio management capabilities. Moreover, our private clients will gain access to a broad, first-rate range of products in an ever more important asset class.”

Michael Enthoven, chief executive officer of NIB Capital, commented, “Our relationship with Harcourt has been very fruitful and successful. We wish Harcourt all the very best in its future with its new strategic partner as it goes on to its next stage of development.”

Putnam Lovell NBF Securities Inc. acted as exclusive financial advisor for Harcourt.

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