press releases 2006 archive
22 December 2006
Announcement - Voting Rights
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23 November 2006
Integrated Asset Management Re-Brands Hedge Fund Businesses As Integrated Alternative Investments
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16 November 2006
Directors Shareholding
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15 November 2006
Purchase of Ordinary Shares
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09 November 2006
Issue of Ordinary Shares & Exercise of Options
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26 September 2006
Holding(s) in Company
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26 September 2006
Interim Results for the 6 months to 30 June 2006
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21 September 2006
Issue of Ordinary Shares
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09 August 2006
Exercise of options
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09 August 2006
Integrated Asset Management PLC Completes Acquisition of 50.1% of Attica Holdings Appointment of Two Directors from Sal. Oppenheim
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Appointment of Two Directors from Sal. Oppenheim
The Board of Integrated Asset Management plc ("Integrated" or "the Company") is pleased to announce that on Tuesday 8 August 2006 it completed the acquisition of 50.1% of Attica Holdings UK Limited ("Attica"), the 100% owner of the fund management company Attica Alternative Investments Limited. As consideration, it has issued Sal. Oppenheim International Luxemburg S.A., a subsidiary of Sal. Oppenheim jr. & Cie. KGaA ("Sal. Oppenheim"), Europe's largest independent private bank, with 6,311,032 ordinary shares of 5p each ("Ordinary Shares"). As a result, Sal. Oppenheim now holds approximately 26.8% of the issued share capital of Integrated.
As at 30 June 2006, Attica's funds under management were US$610 million, while Integrated's assets under management and advice amounted to US$833 million. The gross assets under management and advice have risen to US$1.49 billion for the expanded Integrated group from US$1.1 billion when the transaction was first announced in May 2006.
Integrated and Attica are already seeing the effects of the "Preferred Partner" relationship with Sal. Oppenheim, with significant growth in May and June of funds under management. Over this period Sal Oppenheim's asset management division was instrumental in introducing institutional mandates of over €100 million. The closer integration with Sal. Oppenheim's sales and marketing effort is expected to provide a strong driver for growth in funds under management from Germany and the other areas in which Sal. Oppenheim operates. The Sal Oppenheim Group has €136 billion of assets under management.
The Board is also pleased to welcome as directors Baron Christopher von Oppenheim (aged 40), and Mr Detlef Bierbaum (aged 63), both General Partners at Sal. Oppenheim jr. & Cie. KGaA, Cologne. Detlef Bierbaum also serves on the Board of Directors of the Association of German Banks.
Full details of the current and past directorships of the new directors are set out below. There is no further information to be announced in accordance with paragraph 17 of the AIM Rules.
Emanuel Arbib, Chief Executive of Integrated, commented: "I am extremely pleased that we have been able to close this deal with Sal Oppenheim. We have commenced work with them as Preferred Partner in promoting both GAIM and Attica products and we have experienced strong inflows into our Fund of Hedge Fund products and services as a result of the relationship. We are already implementing cost savings and anticipate that the full impact of these synergies will be evident shortly."
Detlef Bierbaum, partner at Sal. Oppenheim, commented; "Sal. Oppenheim is very pleased that the transaction has successfully closed. Our complementary strengths cement our position in the burgeoning hedge fund market and as such we are well-placed to achieve further successes. Together with Integrated, we have set the stage for a winning partnership."
Directorships
Current
Baron Christopher von Oppenheim
- VEMAG Verlag and Medien AG, Koln (since 1997)
- Allbecon AG, Duesseldorf (since 1998)
- Delta-Music Holding AG, Frechen (since 2000)
- Oppenheim AG, Duesseldorf (since 2003)
- Oppenheim AG, Duesseldorf (since 2003)
- Josef Esch Fonds-Projekt GmbH, Troisdorf (since 2000)
- Joseph Esch Finanzierungsvermittlungsgesellschaft mbH, Troisdorf (since 2000)
- Joseph Esch Wohnungsbaugesellschaft mbH, Trosidorf (since 2000)
- Christian Esch Bauunternehmung GmbH, Troisdorf (since 2000)
- Joseph Esch Vermoegensverwaltungsgesellschaft mbH, Troisdorf (since 2000)
- Bank Sal. Oppenheim jr, & Cie. (Luxembourg) S.A. (since 2005)
- Bank Sal Oppenheim jr. & Cie. (Schweiz) AG, Zurich (since 2005)
- Sal Oppenheim International S.A., Luxemburg (since 2004)
Past (within the last 5 years)
- Oppenheim Beteiligungs-AG, Wuppertal
- Detlef Bierbaum
- Atradius N.V., Amsterdam (since 2003)
- AXA Investment Managers Deutschland, Koln (since 1991)
- Douglas Holding AG, Hagen (since 1993)
- Dundee REIT, Toronto (since 1989)
- DWS Investment GmbH, Frankfurt (since 2005)
- Foreign Colonial Europe Grust, London (1993)
- Koelnische Rueckversicherungs-Gesellschaft AG, Koln (since 2005)
- LVM Landwirtschaftlicher Versicherungsverein, Muenster (since 2003)
- Monega Kapitalanlagegesellschaft mbH, Koln (since 1999)
- Oppenheim Investment Managers, Dublin (since 1997)
- Oppenheim Immobilien Kapitalanlagegesellschaft mbH, Wiesbaden(since 1993)
- Oppenheim Kapitalanlagegesellschaft mbH, Koln (since 1991)
- Oppenheim Pramerica Asset Management S.a.r.l., Luxemburg (since 2002)
- Bank Sal. Oppenheim jr. & Cie. (Luxembourg) S.A. (since 1996)
Past (within the last 5 years)
- Oppenheim Beteiligungs-AG, Wuppertal
- Gerling NCM Credit and Finance AG, Koeln
- Escada AG, Dornach
- Artemedia AG, Potsdam
- Martin Peters Bauunternehmung AG, Aachen
For further information, please contact:
Integrated Asset Management plc
Emanuel Arbib
Chief Executive Officer
Tel: +44 207 514 0550
Fax: +44
207 514 0556
arbib@integratedam.com
Weber Shandwick Square Mile
Tel: +44 (0)20 70670716
Jeff Watt
jwatt@webershandwick.com
Alex Clelland
Tel: +44 (0)20 70670744
aclelland@webershandwick.com
This information is provided by RNS The company news service from the London Stock Exchange
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