Vontobel Completes Acquisition of a Significant Minority Stake in Private Infrastructure Manager Ancala
02 July 2024 - 2:15AM
Business Wire
Vontobel has successfully completed the acquisition of a
significant minority stake in Ancala Partners LLP (Ancala), a
London-based independent private infrastructure manager.
The acquisition of a significant minority stake in Ancala
Partners LLP (Ancala), which was announced on February 8, 2024,
marks Vontobel’s entry into private markets, providing Vontobel
with investment capabilities in the fast-growing private
infrastructure segment. This offering will enable clients to
benefit from the potential for diversification supported by low
correlation to GDP and other major asset classes, as well as
attractive risk-adjusted returns.
Ancala is a leading infrastructure manager with total assets
under management of more than EUR 4.1 billion and manages 18 assets
operating in essential infrastructure sectors including renewables
and energy transition, transport, utilities and the circular
economy. Ancala has deployed a consistent strategy since it was
founded in 2010, delivering enhanced returns from investments with
traditional infrastructure characteristics.
Ancala’s differentiated approach focuses on sourcing bilateral
investment opportunities, providing downside protection,
inflation-linkage, cash yield, and delivering a unique approach to
creating sustainable value within its portfolio companies. Ancala
is led by a senior team of partners who have extensive experience
investing in and adding value to infrastructure assets across a
broad range of economic cycles and essential sectors.
This transaction bolsters Vontobel’s strong conviction in
offering clients diversified, active strategies with long-term
growth potential. As the global infrastructure market is growing
rapidly, catalyzed by the need to replace aging infrastructure and
the increase in governments' infrastructure-focused bills, the
transaction provides Vontobel with the capabilities to access
opportunities resulting from these tailwinds and offer increased
diversification for clients.
Ancala will continue to be run independently on a day-to-day
basis by its management team, led by Managing Partner Spence
Clunie, and will retain independence over its investment and
governance processes. Ancala and Vontobel are fully aligned for
future growth and success and have agreed on terms that enable
Vontobel to acquire the further remaining stakes over the longer
term. The senior leadership team at Ancala remains fully committed
to its future.
The transaction was financed out of Vontobel’s own funds.
Vontobel continues to comfortably exceed its own target CET1-ratio
of 12 percent.
Vontobel
We are an international investment management firm with Swiss
roots, providing investment, advisory and solution capabilities to
private and institutional clients. Headquartered in Zurich,
Switzerland, we are present across 28 locations world-wide.
Vontobel Holding AG shares are listed on the SIX Swiss Exchange and
majority owned by the founding family. The family’s close ties to
the company guarantee entrepreneurial independence, and the
resulting freedom creates an obligation to assume social
responsibility. As of December 31, 2023, Vontobel held CHF 264.9
billion of total client assets. With our investment-led approach
that focuses exclusively on the buy-side of financial markets, we
think and act purely from the client’s perspective – as an investor
for investors.
This includes continually rethinking how to empower investors –
something we have engaged in for over 100 years. Harnessing the
power of technology allows us to deploy our investment expertise
across multiple platforms and ecosystems, while aiming to offer an
individualized and high-quality client experience. Our conviction
that successful investing begins with the assumption of personal
responsibility means we focus on empowering employees to unlock
their potential, take ownership of their work, and bring
opportunities to life. We continuously scrutinize our achievements
as we strive to exceed the expectations of our clients.
About Ancala
Ancala is a leading independent infrastructure manager that
delivers infrastructure investment differently. We take a unique
entrepreneurial and collaborative approach to consistently deliver
results for our investors, the companies in which we invest and the
communities they serve.
For more information, please visit www.ancala.com.
Legal information
This press release is provided purely for informational purposes
and is expressly not directed at persons whose nationality or place
of residence prohibits access to such information on account of
existing legislation. The information and views contained in it do
not constitute a request, offer, or recommendation to use a
service, to buy or sell investment instruments, or to conduct other
transactions. Forward-looking statements, by their nature, involve
general and specific risks and uncertainties. It should be noted
that there is a risk that forecasts, predictions, projections, and
results described or implied in forward-looking statements may not
prove to be correct.
Vontobel Holding AG Gotthardstrasse 43, 8022 Zurich Switzerland
T +41 58 283 59 00, vontobelgroup@vontobel.com vontobel.com
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Media Relations
isabel.reck@vontobel.com +41 58 283 77 42
alex.d@ancala.com +44 (0) 7751 773 724
Investor Relations
peter.skoog@vontobel.com +41 58 283 64 38
jessica.bruegger@vontobel.com +41 58 283 73 58