Jacobs Holding and Telemos Capital, the two private investment firms backed by the Jacobs family, have merged to form Jacobs Capital, with the newly combined firm to be co-chaired by Nicolas and Philippe Jacobs, according to a report by CityWire.
Jacob Polny, CEO of Telemos Capital, has been appointed CEO of Jacobs Capital. Timothy Franks, CEO of Jacobs Holding, will step down as part of the transition.
The merger marks a strategic step following Jacobs Holding’s evolution into an independent investment platform, separate from the Jacobs Foundation – a move announced in April.
Jacobs Capital will focus on control and growth investments in mid-market companies across Europe, with a thematic emphasis on consumer, business services, education, and healthcare sectors.
The existing portfolios of both Jacobs Holding and Telemos Capital will continue to be managed under their current strategies. The firm will operate from offices in Zurich, London, and Luxembourg.
The Jacobs family has a legacy of entrepreneurship dating back over 130 years, originally building one of Europe’s largest coffee and chocolate enterprises. Andreas Jacobs, former Executive Chairman of Jacobs Holding, has previously discussed the family’s investment philosophy and long-term orientation.
