LRI Invest Acquired by Augur Capital

The Private Equity Fund “Augur FIS Financial Opportunities II SICAV” advised by Augur Capital, has acquired LRI Invest, a Luxembourg-based investment company, from Landesbank Baden-W├╝rttemberg (LBBW).
LRI Invest is a service-oriented investment and fund administration company, which launches and administrates investment funds for banks, insurance companies and independent asset managers from German speaking countries.
The company specializes in providing small and medium sized asset managers with access to the investment fund business in Luxembourg. LRI services a broad range of products, from standard mutual funds to alternative investment products like private equity.
As stated by Dr. Thomas Schmitt, Managing Partner of Augur Capital, “….Augur Capital aims to expand the successful business model of LRI Invest going forward”.
Following the transaction, whose financial terms remained undisclosed, the German investment company of LBBW, LBBW Asset Management Investmentgesellschaft mbH, will continue to work with LRI Invest.
LBBW itself will also remain a customer of LRI Invest after the closing of the acquisition.
FinSMEs
09/11/2010

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