We have defined strengthening our sales force in Germany’s retail market and increasing the volume of assets we manage for clients as a basic acquisition objective. However, the prerequisites for an acquisition include an acceptable price, synergies on the revenue and profit side and alignment with MLP’s culture and business model. And acquisitions within the field of our subsidiary Feri Finance AG are also possible over the course of the next few years. This applies in particular to the sector of asset managers, which is currently in a phase of reorganisation due to the financial crisis and changes in the banking sector. We could also well envisage entering into partnerships and generating growth in our business with institutional clients – above all to grant us further internationalisation.
Previous acquisitions:
| ZSH Finanzdienstleistungen GmbH |
MLP finalised takeover of the financial broker ZSH and improved market position among medical professionals further. ZSH was founded in 1973 and, with some 80 consultants, manages approximately 50,000 wealthy private clients, doctors and dentists in all provisional insurance and financial planning issues. With this move we were able to expand our sales force in Germany and increase our market share among dentists. Presse release from 21st August 2009: MLP finalises takeover of the financial broker ZSH |
| TPC THE PENSION CONSULTANCY GmbH |
MLP AG once again significantly strengthened the occupational pension scheme field in 2008. Subsequently MLP entered into a strategic partnership with TPC, Germany’s leading supplier of sector-specific solutions in the occupational pension scheme field, and acquired the company with effect from 29th February. The Hamburg-based TPC Group is an independent consulting company that focuses on company pensions. In addition to numerous provision solutions for leading trade associations, the main company focus is upon consultation for large mid-sized companies as well as the implementation of innovative concepts such as life time work-time accounts. TPC supports a total of some 500 companies and associations. |
| Feri Finance AG |
MLP AG significantly expanded its wealth management business through the successful acquisition of Feri Finance AG in 2006. In addition to being a dominant force in the field of old-age and healthcare provisions, MLP and Feri will obtain, as a combined entity, an entirely new competitive position as Germany's largest independent asset and wealth management company. Feri advises more than 1,ooo institutional clients and 220 wealthy families with at least € 5 million each in assets. And the company has even been able to expand its client base throughout the financial and economic crisis. Presse release from 17th September 2006: MLP acquires majority stake in Feri Finance AG |
MLP Team Investor Relations
Alte Heerstraße 40
D-69168 Wiesloch
Phone: +49-6222/308-8320
Telefax: +49-6222/308-1131