At the end of May, Bantleon acquired a controlling stake of 62% in Credit Suisse Investment Partners from UBS. With the acquisition, the asset manager, which specializes in institutional clients, increased its assets under management by approximately €1 billion (CHF 1 billion) to CHF 24 billion.
Long-standing minority shareholders will remain on the board, Bantleon wrote in a press release. In the future, the company will operate under the name Bantleon Convertible Experts.
Credit Suisse Investment Partners was founded in 2007 by Stefan Hiestand under the name AgaNola as a specialist in convertible bonds. In March 2020, Credit Suisse Asset Management acquired a majority stake. The team consists of five specialists and manages four mutual and special funds. According to Bantleon, the team and management will be retained in full.