Deal Announcement: HSBC Trinkaus & Burkhardt AG

PwC M&A acted as financial adviser to HSBC Trinkaus & Burkhardt AG on the sale of certain private banking assets and private banking related funds in Luxembourg to VP Bank Group:

The Deal

In April 2014 HSBC Trinkaus & Burkhardt (International) S.A. and HSBC Trinkaus Investment Managers S.A. (“HSBC Trinkaus & Burkhardt Luxembourg”), the wholly owned subsidiaries of HSBC Trinkaus & Burkhardt AG, have closed the sale of certain private banking assets in Luxembourg and related funds to VP Bank (Luxembourg) S.A. and VPB Finance SA, members of VP Bank Group (“VP Bank”).

An international PwC M&A team from Germany, Luxembourg and United Kingdom acted as M&A-adviser to HSBC Trinkaus & Burkhardt AG. We managed a competitive sales process with international strategic investors.

HSBC Trinkaus & Burkhardt Luxembourg

As at 30 June 2013 the private banking activities of HSBC Trinkaus & Burkhardt in Luxembourg had assets under management of approximately EUR 1.5bn and the related fund business had assets under administration of approximately EUR 0.7bn. With the transaction approximately 20 employees have transferred to VP Bank.

Verwaltungs- und Privat-Bank Aktiengesellschaft

VP Bank is an internationally positioned private bank, headquartered in Vaduz, Liechtenstein. VP Bank is one of the largest banks in the Liechtenstein financial centre and is specialized in asset management services for private individuals and intermediaries. As of 30 June 2013, VP Bank had Total Clients Assets of CHF 37.2bn. VP Bank operates in Liechtenstein, Luxembourg, Switzerland, British Virgin Islands, Singapore, Hong Kong and Russia.

PwC

An international PwC M&A team from Germany, Luxembourg and United Kingdom acted as financial adviser to HSBC Trinkaus & Burkhardt AG.

PwC employs nearly 1.000 M&A professionals all over the world, realizing approximately 300 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatizations as well as structured financing.

The following PwC M&A team members were involved for HSBC Trinkaus & Burkhardt AG:

Germany:
Dr. Alexander von Friesen (Partner), Michaela Grübel (Senior Manager), Simon Matthiensen (Senior Consultant) and Florian Sonntag (Consultant).

Luxembourg:
Jean-Francois Kroonen (Partner) and Pierre Clement (Senior Manager).

United Kingdom:
Steve Cater (Partner), Ray Nakhwa (Director) and Rick Chana (Manager).

For more information please contact Alexander von Friesen on +49 69 9585 5487.

Contact us

Martin Schwarzer

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5667

Dr. Alexander von Friesen

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5487

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