Julius Baer raises stake in Kairos Investment Management to 80%

Swiss private banking group Julius Baer has completed the acquisition of an additional 60.1% stake in Kairos Investment Management for EUR276m.

The deal, completed after securing the regulatory nod, increases Julius Baer’s total ownership in Kairos to 80%.

The Swiss lender initially acquired a 19.9% stake in Kairos in 2013.

Following the deal, Kairos will continue to operate under the Kairos name and identity, with its existing executive management remaining unchanged.

While announcing the deal in November 2015, Julius Baer also unveiled plans to list Kairos through an offering of a minority percentage of Kairos’ share capital, subject to suitable market conditions and regulatory approval.

The company’s partners intend to retain a stake in Kairos following the listing.

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