Euro Yatırım Menkul Değerler AŞ has acquired Gries & Heissel Bankiers AG
Euro Yatırım Menkul Değerler A.Ş. (Euro Group), a Turkish-based financial investment group, has acquired a majority shareholding in the German-based private bank Gries & Heissel Bankiers AG. With this transaction Euro Group successfully pursued its growth strategy in Europe. Financial details have not been disclosed.
Euro Group is a leading financial group with operations in banking, insurance and portfolio management funds / investment funds. The group consists of nine companies, three of which are listed on the Istanbul Stock Exchange.
Former Gries & Heissel Bankiers AG, now Eurocity Bank AG, is a well established regional private bank with a strong focus on private wealth management.
Oaklins' team in Germany initiated the transaction and advised Euro Yatırım Menkul Değerler A.Ş. on the acquisition of Gries & Heissel Bankiers AG in all negotiations and in all matters relating to the owner control procedure with BaFin and the respective authorities.
Talk to the deal team
Related deals
Microfinanciera Fundeser has been sold to Grupo Financiero Atlántida
Incofin has successfully exited its investment in Microfinanciera Fundeser in Nicaragua through two of its funds: Rural Impulse Fund II (RIF II) and agRIF. It has sold 100% of its stake in Microfinanciera Fundeser to Grupo Financiero Atlántida through its subsidiary, Inversiones Tres Lagos.
Learn moreDuke Capital Limited has completed a fundraising
Duke Capital Limited has completed a successful fundraise, securing US$29.8 million (£23.5 million) through a placing and retail offer on the Alternative Investment Market (AIM). This milestone will further enable Duke Capital to continue its innovative approach to alternative financing solutions for small and medium enterprises (SMEs) across the UK and Europe.
Learn moreGrupo Veta 2017 S.L. has been acquired by MSA Mizar
The Franco-Belgian fund Kartesia has sold Grupo Veta 2017 S.L. to the Italian group MSA Mizar. Kartesia, the main shareholder of Veta+ together with its founding partner, has sold 100% of the capital. For MSA Mizar, this transaction represents the consolidation of its presence in Spain, the entry into the multi-risk claims management market and the opportunity to apply Veta+’s expertise to other European markets.
Learn more