- CFM partners ag acted as exclusive financial advisor to Thurgauer Kantonalbank (“TKB”) on the acquisition of a minority stake in Arete Ethik Invest AG (“Arete”) based in Zurich.
- With a track record of over 30 years, Arete is one of the pioneers of ethically-sustainable investments in the DACH region, conducting its comprehensive ethics research considering over 200 criteria internally. Managed by its owners, the company employees 12 employees and manages assets of around CHF 500m.
- TKB with 850 employees, a balance sheet sum of over CHF 30bn and being listed on the Swiss stock exchange, belongs to the larger cantonal banks in Switzerland. It is the market leader in providing financial services in the canton of Thurgau, serving private, corporate, commercial and public sector clients.
- Through the partnership, TKB is looking to expand its investment expertise and offering for sustainable investing. Arete will continue to operate independently while benefiting from the vast client network of TKB.
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