Case study

Spiekermann & CO AG has sold a 77.90% stake to HORUS Spiekermann-Holding GmbH

The shareholders of Spiekermann & CO AG have reorganized the shareholder structure of the company and have introduced HORUS Spiekermann-Holding GmbH, a holding company of the Helmig family, as a new anchor shareholder with a majority stake of 77.9% of the share capital. Financial details have not been disclosed.

Spiekermann & CO AG is a classical independent asset management company for wealthy private clients and institutional clients, with more than US$600 million in assets under management. The company was founded in 2001 in Osnabrueck by Friedhelm Spiekermann together with other private individuals. The small start-up has since developed into a market leader in the northwestern region of Germany, with about 1,700 clients. At the same time, market conditions have changed substantially, including tighter financial market regulations, stronger competition and uncertainty on the financial markets.

The company and its main shareholders decided that a partnership with a suitable investor would enable Spiekermann to realize its future market potential more rapidly. The ideal strategic partner would ensure the independence of the company and its management.

On the recommendation of a repeat client, Oaklins' team in Germany was mandated as the exclusive financial advisor to set up a limited auction process. About 20 potential partners (private banks, independent asset managers/family offices) were approached and discussions were held with several interested parties. The transaction was successfully completed with HORUS Spiekermann-Holding GmbH, a holding company belonging to the Helmig family.

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Key deal contacts

Dr. Martin Kanjuh

Germany

Director

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