DZ BANK und WGZ BANK merge their private equity companies

DZ BANK AG and WGZ BANK AG are merging their private equity companies, DZ Equity Partner GmbH and WGZ Initiativkapital GmbH, to establish VR Equity Partner GmbH. The shareholders of both companies voted for the merger at the shareholders’ meeting. The parent companies had already signed a corresponding declaration of intent in October of the past year. The participation and cooperation agreement has now been concluded.

Peter Sachse and Martin Völker will form the management of the new company. The Supervisory Board of VR-Equity Partner will in future consist of five members: three members will be provided by DZ BANK and two by WGZ BANK. Hans-Theo Macke, Member of the Board of Managing Directors of DZ BANK, will be appointed Chairman of the Supervisory Board. Uwe Berghaus, Member of the Board of Managing Directors of WGZ BANK, will act as Deputy. The company will be headquartered in Frankfurt, with other locations in Münster and Vienna.

VR Equity Partner will also focus in future on supporting corporate banking in the cooperative financial network by providing equity finance for small and medium-sized enterprises. At the same time, VR Equity Partner also offers its products to companies outside the cooperative financial network with revenue of at least EUR 20 million, and thus supports the acquisition of new customers in the cooperative sector.

At the time of the merger, VR Equity Partner has a total portfolio volume of around EUR 570 million in its equity finance business. “As a result, the merged company will be one of the largest private equity companies for small and medium-sized enterprises in German-speaking countries“, said Uwe Berghaus, Member of the Board of Managing Directors of WGZ BANK. “The merger will make an essential contribution to strengthening the corporate banking business, not just of the two central institutions, but also of the cooperative financial network overall”, said Hans-Theo Macke.

With the merger of the private equity units, DZ BANK and WGZ BANK are continuing their successful cooperation of the past years. In 2010, the two institutions had already combined their M&A and Corporate Finance activities to create VR Unternehmerberatung. The past year saw the merger of the Luxembourg-based private banking units, WGZ BANK Luxembourg S.A. and DZ PRIVATBANK S.A.



Silvia Conesa, Spokesperson
Tel.: +49-69-7447-90568