- The merger will create a leading private bank in Germany
- The new bank will combine the names of both entities
- Market presence strengthened in the four business segments Private Banking, Asset Management, Asset Servicing and Investment Banking
- Extended range of services and broader market presence due to complementary products and branch networks
Bielefeld / Frankfurt am Main, March 5, 2020
Hauck & Aufhäuser has reached an agreement with the Oetker Group on the acquisition of Bankhaus Lampe. The merger of the two traditional banks will create one of the leading private banks in Germany with around 1,400 employees, EUR 35 billion assets under management, EUR 135 billion assets under custody and a balance sheet total of almost EUR 10 billion. The combined company will strongly operate in the four business segments Private Banking, Asset Management, Asset Servicing and Investment Banking. The closing of the transaction is subject to the approval of the regulatory authorities. The names of the two companies will also be jointly redefined after the merger.
Hauck & Aufhäuser and Bankhaus Lampe are connected by their long and successful history. The merger combines the expertise of both parties enabling each business area to further expand the strong market positions in all business areas. "This merger is a significant step forward in Hauck & Aufhäuser's growth strategy. Together with Bankhaus Lampe, we are reinforcing our existing business areas. The customers of both companies will benefit from a high-quality and broad range of investment-related services," explains Michael Bentlage, CEO of Hauck & Aufhäuser.
"As a joint company, the trustful and sustainable relationship with our clients continues to be our top priority. Together we are more strongly positioned to shape the future of the market for private banks," states Klemens Breuer, Chairman of the Management Board of Bankhaus Lampe. "We are pleased to have found in Hauck & Aufhäuser the right partner for the long-term growth of Bankhaus Lampe. The combined entity will hold a strong position in the German banking landscape," adds Dr. Heino Schmidt, CFO of Dr. August Oetker KG.
Both banks are highly complementary and have branch networks and products that perfectly align with each other. The combination will enable all business units to benefit from an even more comprehensive product range and a broader market presence. The signed purchase agreement includes the acquisition of all shares in Bankhaus Lampe KG, which will be completed after all approvals of the supervisory authorities have been obtained. This involves a comprehensive takeover and integration of all employees, subsidiaries, clients and branches. The cultural similarity of the two traditional private banks will facilitate the merger.
In 2017, Hauck & Aufhäuser had already successfully acquired and integrated Sal. Oppenheim jr. & Cie. Luxembourg S.A. and Oppenheim Asset Management Services S.à r.l.. In addition, Hauck & Aufhäuser acquired a majority stake in the Irish Crossroads Capital Management Limited in 2019.
More Information can be found here.
Dr. Jörg Schillinger
Dr. August Oetker KG
Tel.: +49 521 155-2619
joerg.schillinger [ät] oetker.com
Hauck & Aufhäuser Privatbankiers AG
Tel. +49 89 2393-2111
Mobil: +49 173 4095 962
sandra.freimuth [ät] hauck-aufhaeuser.com
Bankhaus Lampe KG
Anna Lena Kleine
Telefon: +49 211 4952-683
Mobil: +49 173 5783094
annalena.kleine [ät] bankhaus-lampe.de