SC Lowy welcomes new shareholders Investec, Universal Partners and Fine Partners
9 January 2018 Hong Kong – SC Lowy, an international banking and finance group specialised in fixed income, has announced the sale of a twenty percent (20%) stake to a group of strategic partners, which includes cornerstone investors Investec, Universal Partners and Fine Partners. Other investors include major players in European real estate and overseas family offices. In 2016, SC Lowy completed a management buyout and returned to its original structure of one hundred percent (100%) employee owned.
CEO Michel Lowy commented, “We appreciate the trust and confidence from such a high quality and diversified group of strategic investors. We have been growing steadily for the past 8 years since setting up the firm in 2009 and in 2017 announced record volumes of more than USD 20 billion. Adding more experience and expertise to our register coupled with their global network will allow us to continue our growth and add value across our business.”
Universal Partners Chairman and Investec co-founder Larry Nestadt commented: “We look forward to partnering with the SC Lowy team. They have established an impressive business that will be used as a platform for growth. Their reputation and track record are exemplary. They remind me of our team when we started Investec, and we look forward to sharing their vision and journey with them.”
About SC Lowy
SC Lowy (comprising Choeun Savings Bank Co., Ltd) is an international banking and finance group specialised in fixed income. Private and employee controlled, the firm uses its balance sheet to facilitate primary issuance, secondary trading and investments focused on corporate bonds, loans, trade claims and special situations. Sector coverage includes energy, infrastructure, manufacturing, telecom & media, metals & mining, retail, financials, shipping and real estate for corporations based in Australia, Asia, Europe, the Middle East and the Americas. Headquartered in Hong Kong, the group was established in 2009 and currently has over 100 employees located across the world’s major financial centers. In addition to its traditional banking clients, SC Lowy has built a global institutional client network of over 800 international and regional banks, asset managers, hedge funds, private equity and pension funds, family offices and corporations.
Investec (comprising Investec Limited and Investec plc) is an international specialist bank and asset manager that provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom and Europe, South Africa and Asia/Australia as well as certain other countries. The group was established in 1974, is dual-listed in Johannesburg and London, currently has approximately 9,900 employees, about US$200 billion of assets under management globally and a market capitalisation of circa US$6 billion.
About Universal Partners
Universal Partners Limited (“Universal”) is a listed investment holding company with a primary listing on the Stock Exchange of Mauritius and a secondary listing on the Johannesburg Stock Exchange’s AltX. Universal’s primary objective is to achieve strong capital appreciation over the medium to long term by investing in high quality, cash generative businesses that meet the investment criteria set out in the Company’s investment policy. Universal is an active shareholder in its investee companies, with meaningful participation in formulating and monitoring the execution of the business strategy of each investment. Universal is led by an experienced board including non-executive directors who also serve as members of the investment committee.
About Fine Partners Corporation
Fine Partners Corporation (“FPC”) is a privately held investment company established in Korea in 1984. FPC has acquired six financial institutions and has been investing in portfolios of assets for 19 years. The company has invested more than US$2 billion in financial assets and is an acting asset manager of several funds for the Korea National Pension Service.
The company’s other major businesses are property development, M&A, investment banking and resources investment.