Brookfield AM takes over CEE Group’s asset management unit

Lampe Equi­ty Man­age­ment, the asset man­ag­er of the CEE Group, is being sold to Brook­field Asset Man­age- ment. Fol­low­ing the usu­al anti-trust review, the sale is like­ly to be com­plet­ed at the end of the year. The par­ties have agreed not to dis­close the pur­chase price.

The asset man­age­ment unit of the CEE Group holds var­i­ous renew­able ener­gy funds. These have been man­aged suc­cess­ful­ly for more than 15 years by Lam- pe Equi­ty Man­age­ment, a sub­sidiary of Bankhaus Lampe. Lampe Equi­ty Man- agement’s new own­er is Brook­field, a glob­al alter­na­tive asset man­ag­er. With five CEE renew­able funds for insti­tu­tion­al investors cur­rent­ly and assets under man­age­ment worth around EUR 1.3 bil­lion, the CEE Group is one of the largest Ger­man investors in renew­ables in the core Euro­pean mar­kets of Ger­many and France.

Drive fur­ther busi­ness growth

As the own­er of Lampe Equi­ty Man­age­ment and an anchor investor in the CEE Group, Bankhaus Lampe has played a key role in the suc­cess sto­ry of the CEE Group. The sale to Brook­field is now intend­ed to pave the way to accel­er­at­ed, inter­na­tion­al growth. “As an alter­na­tive asset man­ag­er with a clear focus on renew­ables, Lampe Equi­ty Man­age­ment has gen­er­at­ed sus­tain­able and reli­able growth with an attrac­tive risk/reward pro­file for many years. We have suc­cess- ful­ly sup­port­ed this devel­op­ment,” stat­ed Pro­fes­sor Dr Stephan Schüller, Spokesman of the Gen­er­al Part­ners of Bankhaus Lampe. Brook­field con­cen- trates on long-term, high-qual­i­ty assets across renew­able ener­gy, infra­struc­ture,

real estate and pri­vate equi­ty. “This focus will stim­u­late the growth of Lampe Equi­ty Man­age­ment and the CEE renew­able funds. We are pleased to have found a buy­er that can use its know-how and inter­na­tion­al net­work to sup­port this expan­sion in the best pos­si­ble way,” added Pro­fes­sor Dr Stephan Schüller.

Lampe Equi­ty Man­age­ment employ­ees will join Brook­field

The CEE Group will retain its exist­ing focus and will con­tin­ue to oper­ate under the CEE brand. As part of the trans­ac­tion, all of the Lampe Equi­ty Man­age­ment employ­ees at the Ham­burg loca­tion, in total around 40 peo­ple, will join Brook­field. Detlef Schreiber, the Chief Exec­u­tive Offi­cer at Lampe Equi­ty Man- age­ment and the CEE Group stat­ed: “With Brook­field as an expe­ri­enced part- ner, we have an excel­lent oppor­tu­ni­ty to fur­ther devel­op our oper­at­ing busi­ness while remain­ing true to our invest­ment prin­ci­ples. Our investors will con­tin­ue to ben­e­fit from CEE Group’s ongo­ing focus on sus­tain­able invest­ment strate­gies. Togeth­er with our new own­er, we will be able to avail our­selves of fur­ther inter- nation­al oppor­tu­ni­ties.“

Bankhaus Lampe will remain invest­ed

Bankhaus Lampe has a long-term strate­gic inter­est in alter­na­tive invest­ments. “We will con­tin­ue our activ­i­ties in this seg­ment, and we will fur­ther devel­op the future, even more broad­ly based, prod­uct range to ben­e­fit our cus­tomers”, Pro- fes­sor Dr Stephan Schüller con­clud­ed. Bankhaus Lampe will remain an investor in the CEE funds.

Press enquiries CEE Group:
Alexan­der Sti­er
Press / Mar­ket­ing
Tel: +49 40 688 788–62
Email: stier@lampe-equity.de