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IK Partners acquires majority stake in wealth management platform Cinerius

IK Partners, via the IK IX Fund, has made an investment in independent wealth management platform Cinerius Financial Partners (Cinerius) alongside existing investor, Summit Partners, and the Cinerius management team. 

IK Partners (IK), via the IK IX Fund, has made an investment in independent wealth management platform Cinerius Financial Partners (Cinerius) alongside existing investor, Summit Partners, and the Cinerius management team. 

Financial terms of the transaction have not been disclosed.
 
Founded in 2021 and headquartered in Zug, Switzerland, Cinerius is a platform for independent wealth managers (IWMs) from German-speaking European regions. The platform currently includes seven partner businesses, each of which offers a range of wealth management solutions, including opportunities to invest in proprietary funds and access advisory services: B&K Vermögen; BV & P Vermögen; Entrepreneur Partners; Habbel, Pohlig & Partner Vermögensverwaltung; KSW Vermögensverwaltung; Ringelstein & Partner Vermögensbetreuung; and VM Vermögens-Management.
 
Through its partner companies, the Cinerius Group manages assets for over 5,500 clients. With 13 locations and more than 140 employees across Germany and Switzerland, Cinerius collectively manages over 10 billion CHF of assets.
 
With IK’s backing, Vinerius will pursue organic growth initiatives, and a dedicated M&A strategy.
  
Completion of the transaction is subject to competition authority approvals.

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