Funds of Hedge Funds Mergers & Acquisitions / Joint Ventures

Swiss bank Syz & Co acquires stake in Spanish group N+1


Syz & Co is continuing its expansion in southern Europe with a joint venture in Spain. The Swiss bank has acquired a 50% stake in the asset management company owned by Spanish group N+1.

The joint company, which will be called N+1 Syz Gestión, will provide asset management services to high level clients in Spain.

In addition to its asset management activities, N+1 is also a leading player in corporate finance and active in private equity transactions, renewable energy and the acquisition of significant holdings in mid-cap companies, enabling the group to be extremely familiar with Spain's business