Julius Baer completes sale of Italian asset manager Kairos Partners to Anima Holding



Julius Baer completes the sale of Italian asset manager Kairos Partners to Anima Holding, marking a significant transaction in the financial industry.

Julius Baer Group has officially closed the sale of Kairos Partners SGR to Anima Holding, an Italy-based firm. The Swiss banking and financial services group announced the successful completion of the sale on 2 May. The agreement for the sale was signed on 16 November 2023, and all necessary steps leading up to the closing were efficiently carried out, with approvals obtained to finalize the transaction as planned. As a result of the sale, Kairos was officially deconsolidated from Julius Baer Group.


Julius Baer completes sale of Italian asset manager Kairos Partners to Anima Holding

The deal, which was first announced in November 2023, involved the sale of 100% of Kairos (through Kairos SGR) to Anima Holding for an estimated amount ranging from €20m to €25m. Kairos, an Italian asset and wealth management company with approximately €4.5bn in assets under management, had been part of Julius Baer Group, with Kairos management holding a 35% interest since 2021.

The successful closure of the sale of Kairos Partners SGR to Anima Holding marks a significant milestone for Julius Baer Group and reflects the ongoing strategic initiatives of both companies in the asset management sector.

Julius Baer completes sale of Italian asset manager Kairos Partners to Anima Holding

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