Corestate Capital prepares IPO in Germany decade after launch

Related Asset Managers

Switzerland-based investment manager Corestate Capital is preparing an initial public offering in Germany.

At present, the company’s two largest shareholders are co-founder Ralph Winter, with 64.2%, and Swiss-listed company Intershop, with 28.1%. 

Co-founder Thomas Landschreiber holds a 6.7% stake.

Proceeds of around €100m are expected to be raised with the listing, which the company said would be used for continued growth and co-investments with clients.

The company, which manages €1.4bn ($1.6bn) in assets, is aiming to increase the number of transactions and aim for higher deal volumes.

Sascha Wilhelm, chief executive at Corestate Capital Holding, said: “Going public will allow us to build on what we have achieved so far. It is the next logical step for us in driving our continued growth.”

Shares will also be offered to existing shareholders to allow for a free float of more than 50% after the IPO.

In addition to the German listing, Corestate will also offer a private placement to institutional investors in certain jurisdictions outside Germany and the US.


Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

  • QN-2578

    Asset class: Sovereign Local Currency Emerging Market Debt.
    Asset region: Local emerging markets.
    Size: EUR 950m.
    Closing date: 2019-12-19.

  • QN-2582

    Asset class: Emerging Market Corporate Debt Hard Currency Investment Grade.
    Asset region: Emerging Markets.
    Size: USD 40 – 60 m.
    Closing date: 2020-01-07.

  • IN-2584

    Closing date: 2019-12-23.

Begin Your Search Now