Obotritia to acquire ODDO SEYDLER BANK AG / Substantial investment by CEO René Parmantier planned

Frankfurt/Main, 22 October 2018 – Obotritia Capital KGaA, Potsdam, has reached an agreement with the Franco-German ODDO BHF AG, Frankfurt, to acquire ODDO SEYDLER BANK AG, Frankfurt. The transaction is still subject to the approval of the relevant regulatory authorities.

 

Entrepreneur and founder of the investment company Obotritia. Rolf Elgeti, said: "Right from the beginning, Obotritia has had a close and trusting working relationship with the ODDO BHF Group. It is as a result of this that we are now taking this step with SEYDLER. We look forward to continue working together in the future."
 

René Parmantier and Holger Gröber will continue to serve as members of the new SEYDLER BANK’s Management Board. It is planned that the Bank will retain the name SEYDLER BANK. René Parmantier, the Bank’s CEO for more than 10 years, is expected to hold an interest of up to 25%.

 

ODDO SEYDLER BANK AG currently has 60 employees, equity of EUR 18 million and total assets of EUR 22 million. It is an investment bank with German roots and a focus on SMEs. The Bank is a leading player in specialist trading in equities and bonds on the Frankfurt Stock Exchange. With more than 170 designated sponsoring mandates and 360 transactions with a placement volume in excess of EUR 6 billion, the Bank has been an established name in financing for SMEs in the capital market for years. The Bank has had a full banking licence since 2007.

 

In addition to designated sponsoring and bond, equity and specialist trading, services will be expanded to include corporate finance as well as equities and fixed income sales activities. René Parmantier added: "Our goal will be to support our SME clients in all stages of their development as a reliable partner for their capital market needs."

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ODDO SEYDLER BANK AG, Frankfurt/Main, has a full banking licence and currently operates in three business areas: equities and bond trading, market making as a designated sponsor and as a floor trading specialist on the Frankfurt Stock Exchange. The Bank employs around 60 people.

 

Obotritia Capital KGaA, Potsdam, was founded in 2014. It is a private investment company that in-vests in listed and private companies. Its portfolio comprises real estate, venture capital and financial service providers. Its personally liable partner is Rolf Elgeti.

 

Rolf Elgeti is an investor and entrepreneur. He has been CEO of Deutsche Industrie REIT AG since 2017. In 2014 he founded Obotritia Capital KGaA and became CEO of Deutsche Konsum REIT-AG. He was CEO of TAG Immobilien AG from 2009 to 2014 and is today the Chairman of its Supervisory Board. He is also the Chairman of the Supervisory Board of 1801 Deutsche Leibrenten AG, Frankfurt, and a member of the Advisory Board of Highlight Event und Entertainment AG, Pratteln (Switzerland) and Staramba SE, Berlin.

 

René Parmantier is CEO of ODDO SEYDLER BANK AG and the Group Co-Head of Investment Bank-ing as well as Group Head of Corporate Development & Origination for Investment Banking and Oddo Metals, Germany.