12 articles found within the last year.
Displaying results 1 - 12
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UBS settles dispute
UBS has settled a court case against the ... The case was brought against UK buyout group ... The firms allegedly withheld consent for UBS and ... A UBS spokeswoman said: “Commercial terms have been ... It is unclear if Société Générale, which launched ... RReef declined to comment. Terra Firma and Tank...
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German merger set to open the consolidation floodgates
The merger of German asset managers Cominvest and ... Mehmet Dalman, a former investment banking director of ... Jens Wetter, director of manager selection at Feri ... Commerzbank and Allianz said they valued Cominvest at ... The combination with Cominvest will push Allianz Global...
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German venture firm misses fund target as investors pull back
German early stage investor Earlybird Venture Capital has ... Earlybird closed its fourth fund on €127m ($189m), ... Rolf Mathies, a managing partner at Earlybird, said: ... However, he added: “I am very optimistic. A ... New investors in Earlybird's fund include Japanese gas...
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Allianz Global Investors profit falls despite asset inflows
Allianz Global Investors, one of Europe's largest asset ... The company, a subsidiary of German insurance company ... Revenue was also lower because of reduced management ... Third party assets under management fell from €765bn ... Net income, the post-tax profit attributable to shareholders,...
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Deutsche's asset management profit falls 17%
Deutsche Bank blamed market conditions for a 17% ... The division registered pre-tax profit of €242m ... The division reported net revenues, comprising performance and ... In a statement, the company said: "The declines ... Assets under management, which drive its management fee...
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Taxing time for the Mittelstand
Plans to reform Germany’s inheritance tax rules are ... Each year, about 70,000 small and medium-sized family-owned ... Mittelstand face succession issues. One in 10 is ... Proposed reforms to inheritance tax laws, which must ... the year, may worsen the situation. ... The new regime is likely to make inheritance...
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Buyout firms target take-private deals
Buyout firms have started a host of take-private ... Barclays Private Equity has offered €15.50 per share ... Barclays will rename CSS Computer Security Solutions Erwerbs ... This follows an approach by mid-market buyout peer ... Separately, DLJ Merchant Banking Partners, the mid-market buyout...
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Eco-friendly funds gain a new following
Goldman Sachs Asset Management and Threadneedle are set ... Their plans coincide with evidence from data provider ... Schroders uses sustainability as a theme in two ... GSAM has been developing a sustainable fund after ... Generation takes a 40-year view of corporate prospects,...
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German billionaire dies
German billionaire Joachim Herz, who owned 15% of ... Herz was estimated by Forbes magazine to be ... Born in 1941, Herz apparently died of “an...
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Comment: Untapped millionaires in Europe’s postal banks
Various knowledgeable people in wealth management often point ... This is shown most vividly by the differences ... Normally the gap is somewhere around the couple ... Even allowing for any statistical disparities in the ... Some very rich people actively avoid wealth managers,...
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Wealthy Germans flee tough tax regime
The Mittelstand, the swathe of family companies that ... The “king of screws” feels under the screw ... The chairman of Würth Group, whose personal fortune ... These come on top of moves by Germany’s ... Scherer said: “Up to 500 of the wealthiest ... Most of those concerned are industrialists – successful...
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Deutsche Bank’s private client unit to miss pretax profit target
Business growth in foreign markets such as Portugal, ... Deutsche Bank's private and corporate clients unit will ... "If there is no fundamental change, we will ... The report said business growth in foreign markets...
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