German Single Family Office Sells Stake in apt to Chinese Mengtai Group

German Single Family Office Sells Stake in apt to Chinese Mengtai Group

GP Holding GmbH, the German single family office of Guido Pühse, sells its majority stake in apt Sedant Holding GmbH to the Chinese Mengtai group.

apt: an aluminum producer with more than €250M in revenues

Monheim-based apt group is a leader in the European aluminium industry. The group has more than 1.000 employees and yearly revenues in excess of €250M. Main sites of the company are in Monheim am Rhein, Eckental, Roermond (Netherlands) or Cheb (Czech Republic). Components of apt are used in the construction, transport and automotive industry.

Pühse Family Office as the apt majority shareholder since 2019

In 2019, Guido Pühse took over 69,9% of the shares of the apt group with his family office, the GP Holding GmbH. Now, he sells its stake to the Chinese Mengtai group. Mengtai – with its headquarter in Ordos (Inner Mongolia, China) – is a leading industrial company with its focus on coal, aluminium, electricity and urban heating industrie. Guido Pühse was the long-time CEO and owner of the German chemical company Oskar Nolte GmbH, which was sold in 2018 to the Peter Möhrle Holding (which is also a single family office).

Picture source: Gareth David
Article source: M&A Review, 27.07.2020

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Soros Family Office Is A DraftKings (NASDAQ:DKNG) Investor

Soros Family Office Is A DraftKings (NASDAQ:DKNG) Investor

In a recently published SEC filing of DraftKings, some high profile investors of the betting company were revealed. Amongst them: the family office of George Soros. DraftKings went public on April 24, 2020.

Soros Fund Management Owns 2.83 Million Shares of DraftKings

Soros’ family office, Soros Fund Management, owns 2.83M shares of Draft Kings. On May 11, these shares were worth $69M. DraftKings is the first investment of the Soros family office within the fantasy sports and betting segment. Besides that, Soros Fund Management also invested in casino operators Caesars Entertainment or Eldorado Resorts. Besides that, also WaltDisney is another well-known investor of DraftKings.

George Soros: From Hedge Fund Manager To Family Office Investor

George Soros is a well-known hedge fund investor. The American investor with Hungarian roots studied at the London School of Economics. He started working for trade bank Singer & Friedlander in 1954, his financial success started when taking over the Quantum Funds together with Jim Rogers in 1968. Today, Soros’ family office manages assets in the amount of $25BN. His family office is an active investor. Besides stocks, Soros also invests in startups like AlphaSense.

Sources
Casino.org, 21.05.2020
Michał Parzuchowski, 21.05.2020

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Austrian Single Family Office Successfully Sells HSO Health Care To Danish Biotech Company

Austrian Single Family Office Successfully Sells HSO Health Care To Danish Biotech Company

Vienna-based probiotics company HSO Health Care is sold to Danish biotech firm Chr. Hansen by Alexander Schütz and Helmut Essl. Alexander Schütz was holding HSO through his family office, which is an active private equity investor in Austria.

HSO Health Care: Probiotics for Women

HSO was founded in 2007 by Helmut Essl. The company is doing research in the probiotics field. Probiotics are microorganisms that are claimed to provide health benefits. HSO’s main product is the patented Astarte products which are sold in several countries. In Switzerland, the product is called Biotics-fem and marketed by the Burgerstein – Antistress AG, in the United States the products are marketed by Jarrow and iHealth as Jarro-Dophilus, Azo or Culturelle probiotics. Now, Danish stock-listed biotech company Chr. Hansen is acquiring HSO and its patented Astarte product.

Alexander Schütz Vienna-based Single Family Office as private equity investor

Alexander Schütz’s family office was an investor in HSO. Schütz is the founder and CEO of the Austrian C-Quadrat Investment group with 8 billions of assets under management. Through his family office, Schütz invests in startups, private equity deals and real estate. Other investments include biotech company ATAI Life Sciences, ADC Therapeutics, Cyberfinancials GmbH or Cyan Digital Security.

Source
Juve, 06.05.2020
Jacek Dylag (picture), 06.05.2020

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Chinese “Mighty Divine” Family Office Acquires £94M Property In London

Chinese "Mighty Divine" Family Office Acquires £94M Property In London

An office block in London’s 10 Fenchurch Street changes its owner: UK firm Retain Propser Ltd. acquires the building from a Hong Kong consortium for £94.2M. Retain Prosper is an affiliate of an influential but low profile family office from China. So far the building was owned jointly by Chuang’s Consortium and Chuang’s China Investments, a Hong-Kong based real estate investment firm. They, in turn, acquired the building in 2016 for £80M from Standard Life.  The asset is sold due to a switch to a “cash is king” strategy amid the uncertainties due to the Corona virus.

Investment in prime commercial building in London

The acquired 11-storey commercial property is a whole block, located between 6-12 Fenchurch Street and 1 Philpot Lane. It’s near Monument Underground station and located in London’s financial district. Tenants include insurer HDI Global and Dutch credit insurer Atratdius. Rental income is around £4.2M per year.

Chinese family office interested in UK real estate

Retain Prosper Ltd., an entity founded in 2019, is an afilliate of the Mighty Divine family office, which represents a few high net worth chinese families. The deal marks the first solo deal of the family office. Alledgedly, the family office already invested in other deals as a silent partner before. Furthermore, Mighty Divine is also active on the HK securities and futures market. In a forward deal, Mighty Divine also aquired a commercial tower in Hong Kong for $320M in 2018.

Picture source: Ed Robertson
Article source: Mingtiandi, 06.05.2020

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Single Family Office from Hannover Invests In Gapless €5.5M Funding Round

Single Family Office from Hannover Invests In Gapless €5.5M Funding Round

LA ROCA Capital, the single family office of insurance entrepreneur Kersten Jodexnis, is one of the investors of Gapless‘ most recent €5.5M funding round.

Blockchain-based all-in-one car app

Gapless is a German blockchain startup working on a blockchain-based all in one app for vehicles. Through Gapless’ app, users can get an overview of the history of their car. The app enables users to manage cars, to track costs and to get notifications for due maintenance works. Gapless was founded by Jan Karnath, Andreas Joebges and Malte Häusler in 2018 in Berlin. Legally, Gapless is a brand of the New Horizon GmbH.

Funding by the family office of Kersten Jodexnis and other investors

Now, Gapless received a €5.5M funding round to further accelerate its growth. Investors include luxury carmaker Porsche and LA ROCA Capital, the Jodexnis family office. The FinLab EOS VC Fund acts as the lead investor (a joint venture of FinLab and Block.One). Kersten Jodexnis is a German insurance entrepreneur who led the JODEXNIS Versicherungsmakler GmbH and is the majority shareholder of the Wertgarantie AG (more than 600 employees, 240 millions of yearly revenues). The LA ROCA family office is an active investor in the startup universe, investments include simplesurance, UniversalQuantum, or Mountain Partners. The Jodexnis family office also had various successful exits in the past, like JimDrive or Horse Analytics.

Sources
Dgap, 30.04.2020
Erik Mclean, 30.04.2020

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German 4L Vision Single Family Office Invests In “it’s my data”

German 4L Vision Single Family Office Invests In "it's my data"

“it’s my data” is a German startup that enables people to get an overview of all data points about them stored by companies. Now, 4L Vision, the German family office of Ralph Suikat invests a six-digit amount into the privacy startup. Now, the startup has a seven-digit valuation.

The startup from Munich is creating a challenger for German credit report company Schufa

Munich-based “it’s my data” was founded by Michael Giese and Alexander Sieverts in 2017. The company aims to create a national challenger for the German credit report company “Schufa”. The main difference between the startup and Schufa is that “it’s my data” users have full control over their data. So, the startup wants to create data sovereignty for its users. Furthermore, the tool enables users to request privacy-related data from companies. The main service of the Munich startup is a creditworthiness certificate which is often needed when renting out apartments or applying for a loan.

Ralph Suikat’s 4L Vision Family Offices as investor

4l Vision is a German single family office from Karlsruhe that is based on the vision of: “Live, Love, Learn, Leave A Legacy”. The family office is focused on impact investments in various asset classes, from private equity to public equity, real assets, external asset management, etc. Some projects or companies where 4L is engaged are LEA Parnters (VC fund), PMCR (personalized health care and cancer research) or Veganz (vegan foods). Suikat is the founder and former CEO of a German software company.

Picture source: Lukas Blazek
Article Source: deutsche startups

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Samih Sawiris Family Office Acquires Majority Of FTI Travel Group

Samih Sawiris Family Office Acquires Majority Of FTI Travel Group

FTI Group is Europe’s fourth-largest travel organizer. Now, the family office of Egyptian billionaire Samih Sawiris takes over the majority of FTI.

Major travel company in Europe

FTI was founded in 1983 by Dietmar Gunz. After various acquisitions the travel company grew to a major travel company in Europe. Revenues in 2016/2017 were above 3 billion euros. FTI is active in different segments of the travel industry: it serves as travel agent (fly.de, TVG), it offers organized tours (FTI Cruises, FTI Touristik) and it operates own hotels (Labranda Hotels & Resorts, Kairaba Hotels & Resorts). Due to Corona, FTI is struggling like every almost every company in the holiday and travel business. The company applied for state aid – which in turn was linked to a required increase in equity. By taking over the majority, Sawiris also brings in new capital.

Sawiris Family Office building up its positions in the travel industry

Samih Sawiris already took over a 33.66% share of FTI in 2014. Majority share holders were, so far, Dietmar Gunz and Roula Jouny. By its new investment and the capital increase, Sawiris now holds 75.1% of the company. Sawiris realized the transaction through his family office Sostnet. Sawiris comes from a wealthy Coptic family, his father founded the major Orascom group which is active in telecommunication, construction and the hotel industry. The Egyptian billionaire is an active investor in the travel industry: his Orascom Development Holding AG operates holiday destinations and hotels in various countries. In 2019, he acquired the franchise system of bankrupt travel organizer Thomas Cook group. He also is realizing the large scale tourism project Andermatt Swiss Alps in Switzerland.

Sources
Reisevor9, 22.04.2020
Wikipedia, 22.04.2020
Natalya Zaritskaya (picture), 22.04.2020

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Arvind Tiku Single Family Office Takes Over Majority of IREIT Global Together With Partnership

Arvind Tiku Single Family Office Takes Over Majority of European REIT With Partnership

Singapore real estate company City Developments Limited teamed up with French investment company Tikehau Capital and the single family office of billionaire Arvind Tiku to acquire more than 50% of the shares of IREIT Global. IREIT Global is a Singapore-listed real estate investment trust with focus on European office properties.

Real estate investment trust from Singapore with focus on Europe

IREIT Global is a Singapore-listed real estate investment trust which invests in income-producing assets in Europe. Target asset classes are office, retail, industrial and logistics. At the moment, the portfoli consists of five objects with blue chip tenants like Deutsche Telekom and Deutsche Rentenversicherung Bund. So far, the €526.4M portfolio only consists of German properties, located in Münster, Berlin, Bonn, Darmstadt and Munich.

Investment from Arvind Tiku Single Family Office

In a set of transactions, City Developments Limited, Tikehau Capital and the Arvind Tiku single family office (AT Holdings) brought their combined shareholding of IREIT Global to over 50%. The Tiku family office acquired a 5.5% stake for S$17.2 in a off-market deal. Brone de Pampelonne, Senior Partner at Tikehau, commented the transaction with: “The joint increase in stake by both Tikehau Capital and CDL reflects our positive long-term view on the growth prospects and strategy of IREIT, and clearly demonstrates our strong alignment of interest with minority unitholders”. Arvind Tiku is an Indian-born Singapore resident who has an estimated net worth of $2.2BN and invests in real estate and the energy sector.

Sources
Mingtiandi, 13.04.2020
Harry Cao (picture), 13.04.2020

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Berlin-based SaaS Proptech Receives Further Investment From German Family Office

Berlin-based SaaS Proptech Receives Further Investment From German Family Office

Inpera is a Berlin-based Software-as-a-Service (SaaS) startup working on automated sourcing solutions for the building industry. Now, Inpera received a Seed-II investment round for the further development of its product. One of the investors is the German family office Eisbaer Capital.

Software for sourcing in the building industry

The startup from Berlin simplifies the tendering and procurement process in the building industry. Through Inpera’s cloud solution, procurement requests can be easily sent and transparently compared. The whole procurement process of materials and services moves from Excel sheets to the cloud. Inpera is listed on Builtworlds ConTech GlobalTop 100 Map.

Family office invests in Seed-II round

The Berlin-based startup managed to convince several experienced investors from the industry for its Seed-II round: proptech focused venture capital fund PropTech1 Ventures, Vito ONE, an investment vehicle of the building conglomerate Martin Meier, Alexcander Meier (the former Commercial Director of Holcim) – and the German family office Eisbaer Capital.

Sources
PropTech1 Ventures, 08.04.2020
Jonas Tebbe, 08.04.2020

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New CEO For Investment Vehicle Of Swiss Bertarelli Single Family Office

New CEO For Swiss Bertarelli Single Family Office

Cyrus Jilla will be the CEO of Northill Capital, a subsidiary of Waypoint Capital. Waypoint is the single family office and investment firm of Swiss billionaire Ernesto Bertarelli and his family. Jilla formerly led Eight Roads Ventures, a venture capital investment owned by Fidelity International. Before, Cyrus Jilla worked for Schroders and Bain & Co.

Northill Capital invests in asset managers

Northill is a rather special investment vehicle of the Bertarelli single family office. It invests in „high quality single-purpose asset management“ firms. One of Northill’s portfolio companies is Virginia-based Strategic Investment Group which is an „Outsourced Chief Investment Officer industry pioneer“. Another exemplary portfolio company is Riverbridge Partners, which manages US equity growth portfolios for institutional and high net worth investors.

Waypoint: The Bertarelli Single Family Office

The Bertarelli wealth stems from biotech firm Serono SA which was sold in 2007 to Merck KGaA. Ernesto Bertarelli was appointed as Serono’s CEO in 1996. He managed to triple Serono’s revenues to $2.8BN.  The family’s fortune – which is estimated at $18.1BN – is mainly managed through Waypoint. Besides Northill, the Bertarelli family office also invests in real estate and venture capital through different subsidiaries. Also interesting is Beratrelli’s biotech investment firm Gurnet Point Capital, which was a major investor in 2015 founded Boston Pharmaceuticals. Boston Pharmaceuticals was equipped with $600M from the beginning on. In 2018, the US pharma firm acquired three different drug licenses from Novartis and GlaxoSmithKline. The mastermind behind the strategic investments was industry insider Ernesto Bertarelli and his powerful Waypoint family office.

Sources
Bloomberg, 16.03.2020
NZZ, 16.03.2020
Unsplash, 16.03.2020

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