Existing shareholders to acquire minority stake in S&F from Procimmo Group
S&F and Procimmo have agreed to terminate their cooperation due to a change in Procimmo's strategic direction. Nothing will change for our customers.
The timing is right: as a leading private label fund management company, this development will enable us to pursue our growth and diversification strategy. However, our strong expertise in the property fund sector will remain intact and will continue to be actively promoted. S&F is already actively pursuing new client segments in the real estate sector as well as in other asset classes. We are confident that we will soon be able to announce postive news in this regard.
Existing shareholders intend to acquire the shares held by the Procimmo Group, subject to FINMA approval. At the beginning of 2025, Procimmo SA will take over the fund management of the real estate funds it already manages.
Both the shareholders and the management of S&F are fully behind this move and look forward to a further step in the company's development.
The full press release can be downloaded as a PDF below.