Binder Grösswang Advises on Sale of Fund Manufacturer Spängler IQAM Invest
Binder Grösswang advised a heterogeneous group of shareholders including Bankhaus Carl Spängler & Co. AG, Wüstenrot Versicherungs-AG, Ärztekammer Salzburg and professors of the Vienna University of Economics and Business and TU Wien on the sale of 100% of the shares in Spängler IQAM Invest GmbH to the Germany-based DekaBank.
The Austrian fund manufacturer Spängler IQAM Invest, an asset manager with recognized scientific expertise and more than 30 years of experience in the market, offers individual and innovative investment solutions to primarily professional investors. Originally founded in 1988 as an asset management company and 100% subsidiary of the private bank Bankhaus Spängler in Salzburg, the company has operated under the name Spängler IQAM Invest GmbH for about ten years. Through the development of quantitative asset management over the last fifteen years, the company increased its fund volume by 68% to approximately EUR 7 billion by 2019, making IQAM one of the fastest-growing asset management companies in Austria during this time. At present, 60 employees manage a total of some 100 mutual and special funds.
The Binder Grösswang team, led by M&A/corporate specialists Bernd Schneiderbauer (partner), Claudia Fochtmann-Tischler (attorney at law) and Christoph Cordes (associate), included Stefan Frank (counsel) for banking supervision law issues, Johannes Barbist (partner) for public law, investment control and regulatory law aspects, Christian Wimpissinger (partner), Clemens Willvonseder (attorney at law) and Erik Pinetz (associate) for tax law aspects, Horst Lukanec (partner) and Manuel Müllner (attorney at law) for employment law matters, Philipp Spring (attorney at law) for data protection/IT issues, and merger control specialist Christine Dietz (partner).