German Multi Family Office Acquires Asset Manager With €2B AUM

German multi family office Attentium was just founded in 2018. In August 2019, Attentium announced to acquire the German asset management firm DVAM with €2B assets under management. The purchase price of DVAM remains undisclosed.

DVAM as part of Ecclesia insurance group

“DVAM Vermögensverwaltung GmbH” was – so far – a part of the Ecclesia Insurance Brokerage group, which is mainly owned by the German evangelic church and caritative groups. DVAM is licensed according to §32 KWG, which enables the company to offer portfolio and investment management services to its client. With $2B assets under management, DVAM is one of the largest financial service providers in Germany. DVAM’s new owner Attentium plans to keep and extend the company’s headquarter in Detmold.

Boosting growth of Attentium family office

DVAM will be a part of Attentium’s wealth management division. Through the acquisition, the assets under management of the Osnabrück-based multi family office will increase significantly. Besides that, the MFO acquires DVAM’s expertise in asset management topics. Attentium is led by Friedhelm Spiekermann and an experienced team of wealth and asset managers.

Sources
Guillaume Techer (12.08.2019)
Citywire (12.08.2019)