Merger to generate 10 billion in consolidated resources
The rewarding merger between Joachim Gottschalk's Gottex Fund Management and Arpad Busson's EIM Group that finalized in December last year will generate around $10 billion worth of resources under direction by mid-2014.
The considerable sum will be the outcome of a broader contribution given by the newly amalgamated company, with additional regions incorporated in their investment holdings. There will be a higher concentration on Asia as a smart investment area, along with an additional concentration on infrastructure and risk services as fields for investment support.
The transaction, that has been carried out during the initial few months of 2014, has created 14 million brand-new stocks for the current investors of Gottex Fund Management. The larger system for investments will propel both groups into the higher ranks of investment firms. 70 Percent of the shares in the recent company will come under the management of the existing stakeholders of Gottex Fund Management.
Organizationally, the current Chief Executive Officer of Gottex Fund Management will be the new chief executive officer of the merger, whilst Arpad Busson will become the non-executive chairman of the firm. The merger, it has been confirmed, occurred as a result of an arrangement developed from the long friendship between Joachim Gottschalk and Arpad Busson, which has held up two decades.
Before the merger, EIM Group was responsible for roughly $3 billion worth of commodities under control. Gottex Fund Management, a firm listed in Switzerland, handles assets under management worth around 91.1 million Swiss francs.
The merger will also involve the joining of the two companies' head offices and workforce, with the head offices of the brand-new business likely to be based in London. Nowadays, 15 of EIM Group's 50 personnel are located in London, while Gottex Fund Management has 40 of their 125 workers located in London. This will conserve the two businesses $10-$12 million in the expenses of running the new merger.
