EQS-News

JDC Group AG: JDC Group subsidiary Jung, DMS & Cie. acquires significant parts of Top Ten Group

EQS-News: JDC Group AG / Key word(s): Takeover JDC Group AG: JDC Group subsidiary Jung, DMS & Cie. acquires significant parts of Top Ten Group 27.01.2023 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. JDC Group subsidiary Jung, DMS & Cie. acquires significant parts of Top Ten Group

• The Top Ten Group advises or manages an investment portfolio of more than EUR 2 billion with its own technology and is one of the TOP 50 asset managers in Germany
• JDC herewith grows anti-cyclically in the attractive market of investment consulting and asset management
• With the transaction, JDC expands its investment technology platform

 

Jung, DMS & Cie. AG, a 100 percent subsidiary of JDC Group AG, has signed a purchase agreement to acquire 100 percent of the shares in Top Ten Investment-Vermittlungs AG and DFP Deutsche Finanz Portfolioverwaltung GmbH (together: Top Ten Financial Network Group). Their approximately 50 employees offer services in the field of investment consulting, asset management and fund management. Using its own software solutions, Top Ten administers more than EUR 2 billion in investment portfolios for around 1,000 intermediaries in the network, generating largely recurring revenues of around EUR 20 million.

The closing of the transaction is expected for mid-2023 due to the legally required owner control procedure. The parties have agreed not to disclose the purchase price and other modalities.

In recent years, JDC Group has focused strongly on the insurance sector and has developed into a market-leading digitalization service provider in the insurance industry. JDC wants to expand this positioning now. With the acquisition of the essential parts of the Top Ten Group, JDC is going to resharpen its investment focus. With the transaction, the technical platform required for this purpose is now also part of the JDC Group portfolio. JDC can herewith offer its existing customers further digital services in the sectors of asset management, liability umbrella solutions and label funds.