Press Release.

05.11.2010

Augur Capital acquires LRI Invest

The Private Equity Fund “Augur FIS Financial Opportunities II SICAV” advised by Augur Capital, acquires the Luxembourg based investment company (Kapitalanlagegesellschaft) from Landesbank Baden-Württemberg (LBBW). Both parties have agreed to keep transaction details confidential.

LRI Invest is a service-oriented investment and fund administration company (Kapitalanlagegesellschaft) which launches and administrates investment funds for banks, insurance companies and independent asset managers from German speaking countries. The company is specialized in giving small and medium sized asset managers access to the investment fund business in Luxembourg. LRI services a broad range of products, reaching from standard mutual funds to alternative investment products like private equity.

“As a long-term investor Augur Capital aims to expand the successful business model of LRI Invest going forward”, says Dr. Thomas Schmitt, Managing Partner of Augur Capital. LRI Invest grew strongly over the last years through the acquisition of many new clients. Despite the financial crisis and the tough market environment, assets under management increased from Euro 4bn in 2008 to almost Euro 10bn in 2010. “Since we believe in both the attractiveness of LRI’s business model and Luxembourg as a location for such services, we are very glad to make this investment for our fund”, says Günther Skrzypek, Managing Partner of Augur Capital.

The sale of LRI Invest is directly related to the intention of LBBW to focus on the core business and core markets. The German investment company of LBBW, LBBW Asset Management Investmentgesellschaft mbH, will continue to work closely with LRI Invest and LBBW itself will also remain a customer of LRI Invest after the closing of the transaction.

About Augur Capital:

Augur Capital Advisors S.A. is an investment boutique, based in Luxembourg and a subsidiary of Augur Capital AG, Frankfurt/Main. Augur Capital is specialized in the management of investments in the banking, insurance and asset management sector. Augur Capital Advisors S.A. advised the “Augur FIS Financial Opportunities II SICAV” in respect to the acquisition of LRI.

Press contacts:

Augur Capital
Claudia Otremba
Phone: +49 69 716799-26
E-Mail: otremba@augurcapital.com

Contacts

Landesbank Baden-Württemberg
Am Hauptbahnhof 2
D-70173 Stuttgart

Christian Potthoff
Head of Corporate Communications
Tel.: +49 711 127-73946
Fax: +49 711 127-74861

christian.potthoff@LBBW.de