HQ Capital welcomes LFPI as new shareholder
Bad Homburg/Paris, March 29, 2023. Alternative asset manager LFPI has acquired a majority stake in global private equity specialist HQ Capital. In addition to LFPI, the Harald Quandt family will retain a significant long-term stake in HQ Capital through HQ Holding.
Concurrent with a generational change in the Harald Quandt family, HQ Holding and HQ Capital examined strategic options, along with their shareholders, in order to initiate the next step in the development of the firm, last year. During the summer of 2022, LFPI completed a strategic agreement to purchase a majority stake in HQ Capital. Following the required regulatory review and approval process the transaction has officially closed.
"With LFPI, HQ Capital gets a strong additional partner that will invest in its strategy and products. Together, we will expand and grow our market position as a leading provider of private equity so-lutions," said Marc Brugger, CEO of HQ Capital.
The French LFPI Group has more than 20 years of investment expertise in real estate, private debt, and private equity. Its business activities are focused mainly in Europe and North America.
Both parties have agreed not to disclose additional details of the transaction.
About HQ Capital
HQ Capital is a global private equity specialist that has deployed $11.3 billion of capital into globally and regionally focused private equity investments on behalf of institutional and private clients since 1989. As of December 31, 2022, the firm has invested in 824 funds and direct companies alongside 295 fund managers across North Ameri-ca, Europe, and Asia. The team consists of more than 80 employees with local investment teams based in New York, Bad Homburg, and Hong Kong.
About LFPI Group
The LFPI Group (La Financière Patrimoniale d'Investissement), headquartered in Paris, is an alternative and multi-asset manager that before closing on HQ Capital managed assets of around EUR 14 billion. LFPI invests primarily for institutional investors and family groups in private equity, real estate, funds of funds and private debt in Europe and America. Around 300 employees work for LFPI and its subsidiaries from 7 locations in Europe and 2 in the U.S.
About HQ Holding
The independent financial service providers of the Harald Quandt family (HQ) are part of HQ Holding. Started in 1982 as a family office, HQ today offers specialized financial services with a focus on alternative investments. With around 200 employees and central offices in Bad Homburg, Berlin, Düsseldorf, New York and Hong Kong, HQ is one of the few privately owned global financial service providers.