Landesbank Baden-Württemberg (LBBW) sold its Luxembourg based fund administration specialist LRI Invest S.A. to the private equity fund Augur FIS Financial Opportunities II SICAV advised by Augur Capital AG.
LRI Invest is a service-oriented investment and fund administration company (Kapitalanlagegesellschaft) which launches and administrates investment funds for banks, insurance companies and independent asset managers from German speaking countries. The sale of LRI Invest is directly related to the intention of LBBW to focus on the core business and core markets. The German investment company of LBBW, LBBW Asset Management Investmentgesellschaft mbH, will continue to work closely with LRI Invest and LBBW itself will also remain a customer of LRI Invest after the sale.
Augur Capital Advisors S.A. is an investment boutique, based in Luxembourg and a subsidiary of Augur Capital AG, Frankfurt am Main. Augur Capital specialises in the management of investments in the banking, insurance and asset management sector.
A Linklaters team led by Dr Wolfgang Krauel (corporate/M&A, Munich) and Dr Rainer Stadler (tax, Munich) provided comprehensive advice to LBBW in connection with this transaction.
The team also included Dr Timo Engelhardt, Beate Stüve-Brammen (both corporate/M&A, Munich), Dr Jann Iv Jetter, Dr Martin Lausterer, Dr Christoph Götz, Steffen Hattler (all tax, Munich), Dr Stephan Balthasar (litigation, Munich), Wulf Kring (tax, Frankfurt), Dr Christian Hey (TMT, Frankfurt), Tom Loesch, Manfred Müller, Carolin Weirauch, Michael Jonas (all corporate/M&A, Luxembourg), René Diederich, Sandra Rapp (both employment, Luxembourg), Paul Tulcinsky, Jean Yves Lhommel, Rachel Blaise (all tax, Luxembourg), Hermann Beythan, Nicki Kayser, Xenia Thomamüller, Silke Bernard-Alps, David Heinen, (all IMG practice, Luxembourg), Janine Biver, Anna Christina Görgen (both banking & capital markets, Luxembourg) as well as Olivier Reisch (litigation, Luxembourg).
During this year, the same Linklaters team had already advised LBBW in connection with the sale of its Luxembourgian retail banking business to DekaBank.
For further details, please contact:
Daniel Reitz on +49 211 22977 344 or daniel.reitz@linklaters.com
