- CFM partners ag acted as exclusive financial advisor to the previous majority shareholder of Belvédère Asset Management (“BAM”) on the buyback of their stake in BAM from the Fundamenta Group (“Fundamenta”) founders. Fundamenta has earlier this year sold its real estate business to Swiss Prime Site (“SPS”).
- Belvédère is a FINMA-regulated independent wealth manager with CHF 3 billion assets under management.
- The stakes of Luzerner Kantonalbank (“LUKB”) and other minority shareholders in BAM remain unchanged.
- The buyback of the stake is the logical consequence after the sale of Fundamenta’s real estate business. The new shareholder base consisting of the Marxer family, LUKB and management is the optimal solution for all stakeholders.
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