Private Assets AG opens an office in Paris
Hamburg, 5 July 2023. The investment company “Private Assets AG” will open an office in Paris on 1 September 2023. The office is the first foreign Private Assets branch that at the same time represents the initial step towards building up European business. The French branch is additionally intended to serve as a template for the further European expansion of the Hamburg-based investment company.
Dr Björn Schlosser will assume management of the site as well as the development and supervision of the local investment portfolio. Schlosser has many years of experience in turnaround investments: After holding positions at Aurelius and Droege, he most recently worked in the Paris office of the investment company Mutares SE & Co KGaA.
“The French market, with its dynamic corporate landscape, is extremely attractive for Private Assets AG,” said Private Assets CEO Sven Dübbers, explaining the decision to locate in Paris. “In particular, France is a very interesting market for investments in particular situations. At the same time, the French corporate culture differs from other markets in important ways. That’s why it’s crucial for us that we were able to inspire Björn Schlosser, a very experienced colleague with many years of experience in France, to join our Company. A successful appearance requires proximity to the market and to the market participants”.
Dr Björn Schlosser added: “I am looking forward to contributing my experience to the international development of Private Assets AG, especially with regard to the special challenges of working with French companies. I am sure that we will be able to identify a number of interesting targets on the French market. Two things were particularly decisive for my switch to private assets: the extremely experienced and uncomplicated team and the convincing restructuring approach for the investments.”
Private Assets is a Hamburg-based investment company specialising in investments by medium-sized companies in particular situations. The shares are traded on the over-the-counter market of the Berlin Stock Exchange under the securities identification number A3H223. As a partner to small and medium-sized enterprises, Private Assets AG specialises in the strategic investment of medium-sized companies in situations of upheaval. In the past two years, Private Assets AG has achieved 1st and 2nd place in the small and micro-caps category in the ranking compiled by the industry magazine “Smart Investor,” thereby making it a top performer.
Private Assets AG recently published its consolidated results for the 2022 financial year. Annualised consolidated sales amounted to EUR 158.2 million (previous year: EUR 82.4 million). Total Group EBITDA amounted to EUR 12.6 million in 2022 (previous year: EUR 7.1 million). The complete annual report can be downloaded at the following link:
About Private Assets AG
Private Assets is a Hamburg-based investment company specialising in corporate investments in particular situations. The shares are traded on the over-the-counter market of the Berlin Stock Exchange under the securities identification number A3H223. Private Assets invests in corporate spin-offs and medium-sized companies with below-average performance today. Another focus of investment is on companies with unresolved succession issues. The management of private assets has many years of experience and a proven track record in investments in particular situations. For the necessary rapid implementation, the company has its own task force and a well-rehearsed team with in-house experience in areas such as product supply, project management, sales and marketing, law and finance. Private Assets AG is one of the few investment companies that maintains its own digital group, thereby explicitly promoting the advancement of digitisation subjects. Through close operational support and active management on the part of the shareholders, Private Assets AG achieves fast, efficient and sustainable changes in its investments.
Phone: +49 (0)221 - 80 10 87-87