Universal Investment
{{Infobox company
| name = Universal Investment
| type = Limited company
| foundation = {{start date and age|1968}}
| location = Frankfurt, Germany
| key_people = {{unbulleted list|Francesca McDonagh (CEO)|David Blumer (chair){{Cite web |last=Grunwald |first=Aaron |date=24 October 2023 |title=Francesca McDonagh named group CEO of Universal Investment |url=https://delano.lu/article/francesca-mcdonagh-named-group |work=Delano}}}}
| num_employees = 1,700 (2023)
| industry = Investment funds
| homepage = {{official url}}
}}
Universal Investment is a group of companies headquartered in Frankfurt am Main with three regulated investment companies based in Germany, Luxembourg and Ireland. Biggest part is Universal-Investment Gesellschaft mbH, founded in 1968. Core offerings are investment fund services and management company services for asset management companies and institutional investors. The company launches and administers funds for all asset classes such as securities, alternative investments and real estate.
{{as of|2023|post=,}} the group manages 972 billion euros in about 2,000 funds with over 1,700 employees.{{Cite web |last=Linna |first=Lydia |date=17 April 2023 |title=Etienne Rougier appointed COO of Universal Investment |url=https://delano.lu/article/etienne-rougier-appointed-coo- |work=Delano}}{{Cite web |access-date=18 January 2024 |title=Profile Universal-Investment |url=https://www.universal-investment.com/en/Corporate/ }} The company is an affiliate member of Investment Association.{{Cite web|date=10 November 2021|title=Website Investment Association|url=https://www.theia.org/about-us/members/affiliate/universal-investment}}
With Universal-Investment-Luxembourg S.A., Universal Investment is also active in Luxembourg, where it is one of the 20 largest management companies with assets under administration of 108 billion euros.{{Cite web |date=31 May 2022 |title=PwC Observatory for Management Companies 2022 Barometer |url=https://www.pwc.lu/en/asset-management/docs/pwc-observatory-management-companies-barometer.pdf }}
History
In 1968, the company was founded by several German private banks as joint investment company
In 2012, Berenberg Bank and Bankhaus Lampe acquired the shares of Hauck & Aufhäuser and Landesbank Baden-Württemberg.{{Cite web |date=2016-08-08 |title=Berenberg and Bankhaus Lampe set to sell Universal Investment |url=https://www.internationalinvestment.net/internationalinvestment/news/3708619/berenberg-bankhaus-lampe-set-sell-universal-investment |access-date=2022-11-01 |website=InternationalInvestment |language=en}}
With closing date 11 January 2017, the current main shareholder of Universal-Investment is Montagu Private Equity, who acquired the shares from the former parent companies.{{Cite web |last=Kingston |first=Charles |date=2016-09-28 |title=Universal-Investment bought by UK private equity group Montagu |url=https://www.refire-online.com/api/content/a65ea4fc-7c40-11e6-95b0-0a161eac8f79/ |access-date=2022-11-01 |website=REFIRE |language=en-gb}} In 2019, Universal Investment acquired the IT service provider UI labs, which specializes in front-office solutions, from Lupus alpha.{{cite web|title=Universal Investment acquires labs|periodical=|publisher=International Investment|url=https://www.internationalinvestment.net/news/4000294/universal-investment-acquires-labs-lupus-alpha|format=|access-date=2021-09-02|last=|date=3 January 2019|language=en|pages=|quote=}} In 2021 the group acquired Metzler Bank's Irish fund management company and renamed it Universal Investment Ireland Fund Management Limited.{{cite web|title=German investment firm enters Irish fund market|periodical=|publisher=Funds Europe|url=https://www.irishtimes.com/business/financial-services/german-investment-firm-enters-irish-funds-market-with-acquisition-1.4444683|format=|access-date=2021-09-02|last=|date=|year=|language=en|pages=|quote=}} In 2022, the company announced the acquisition of Luxembourg fund administrator European Fund Administration S.A.{{Cite web |last=Young |first=Asset Servicing Times reporter Lyndsey |title=Universal Investment Group completes acquisition of EFA |url=https://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=13672 |access-date=2022-11-16 |website=www.assetservicingtimes.com |language=en}} Also in 2022, Canadian Pension Plan Investment Board acquired a minority stake in the company from majority shareholder Montagu.{{Cite web |last=Serenelli |first=Luigi |date= |title=DACH roundup: CPP Investments buys minority stake in Universal Investment |url=https://www.ipe.com/news/dach-roundup-cpp-investments-buys-minority-stake-in-universal-investment/10061998.article |access-date=2022-11-01 |website=IPE |language=en}}
References
{{reflist}}
External links
{{commons}}
- {{Official Website}}
{{Major asset management companies}}
Category:Financial services companies established in 1968
Category:Companies based in Frankfurt
Category:Investment management companies of Germany