Ernst Russ
| Ernst Russ AG | |
|---|---|
| legal form | Corporation |
| ISIN | DE000A161077 |
| founding | 1985 |
| Seat |
Hamburg , Germany
|
| management |
|
| Number of employees | 165 |
| sales | 52.7 million euros (2018) |
| Branch | Financial services |
| Website | www.ernst-russ.de |
| As of December 31, 2018 | |
The Ernst Russ AG , formerly HCI Capital AG , is a publicly traded financial services company with a focus on asset and investment management of the asset classes Ship and Real Estate . The Ernst Russ Group currently looks after a fleet of around 80 container, tank, bulk and other ships. As a fund and asset manager, the company manages a large number of different properties from the ship, real estate and alternative investments segments .
In June 2016, HCI Capital, which had previously taken over the Ernst Russ Reederei and the issuing house König & Cie., Both based in Hamburg, decided to rename HCI Capital AG to Ernst Russ AG, which took effect on July 25, 2016.
Ernst Russ Group
As of March 2019, Ernst Russ AG manages funds with a total investment volume of around EUR 5.7 billion - primarily in the shipping, real estate and alternative investments segments. In addition, assets with a total investment volume of around EUR 0.4 billion are managed, in which the Ernst Russ Group is involved as an investor or co-investor.
The group's business also includes fiduciary services and a capital management company .
history
HCI Capital
The starting point for the HCI Group was Hanseatische Capital Invest AG, founded in Bremen in 1985 . It started with the issue of ship investments. In 1997 the offer was expanded to include real estate funds and in 2000 with private equity funds of funds. The Hamburger Sachwert Treuhand (HST) division and the conception and sales division of HCI were merged in 2001 under the umbrella of HCI Holding GmbH .
The first secondary market life insurance funds were launched in 2003. The Hammonia Reederei was founded as a joint venture with Peter Döhle Schiffahrts-KG . HCI added asset creation plans to its range in 2004 and entered the Austrian market.
In 2005 HCI Holding GmbH was converted into HCI Capital AG and went public on October 6, 2005 with an issue price of EUR 20.50 and was initially traded in the Prime Standard of the German Stock Exchange.
The Hellespont Hammonia GmbH & Co. KG was founded together with the Hellespont Holding and the Peter Döhle Schiffahrts-KG . The year 2006 was marked by the participation in Aragon AG and the introduction of certificates.
In 2007, HCI launched a range of guarantee products and the first global real estate fund. HCI Hammonia Shipping AG was founded as a new subsidiary .
In 2009 the first solar fund was finally issued. In 2010, HCI issued a real estate fund with a new type of high state subsidy.
Up until the cash capital increase in 2011, HCI Capital was independent of banks. HSH Nordbank AG has held 19.9% of the shares since 2011 .
In 2012 the HCI share switched from the Prime Standard to the Frankfurt Entry Standard and the Mittelstandsbörse Deutschland segment in Hamburg.
Until April 17, 2013, the competitor MPC Capital AG also held a 25.58% stake.
Since October 1, 2013, the 23 closed real estate funds of HCI Capital AG have been managed by Bilfinger Real Estate (formerly EPM Assetis), a subsidiary of the Bilfinger Group .
Since the HCI Group was founded in 1985, around 122,000 investors have participated in 526 issues with a total investment volume of around 15 billion euros and around 6 billion euros in equity (as of December 31, 2013). The company employs around 190 people in Germany, the Netherlands and Great Britain (as of December 31, 2012). In 2011, HCI Capital was the fourth largest provider of closed-end ship funds in Germany in terms of equity placed. In 2011 the company placed EUR 53.2 million in equity.
At the beginning of 2016 HCI Capital took over the majority of the shares in the issuing house König & Cie. as well as the Hamburg Ernst Russ Reederei in April . In June of that year the company decided to change its name to Ernst Russ AG . The name change was completed with the entry on July 25, 2016.
Ernst Russ shipping company
In April 2016, the Hamburg shipping company Ernst Russ GmbH & Co. KG , founded in 1893, was taken over by HCI Capital.
King & Cie.
The issuing house König & Cie. GmbH & Co. KG was founded in Hamburg in 1999. The main areas of activity were the launch of ship investments and closed funds in other asset classes. a. Private equity and real estate funds . In 2008, the company was restructured into an international shipping company and a maritime service provider.
In 2013, the majority (80%) of the company shares were sold by the two shareholders Tobias König and Jens Mahnke to the US investors Tennenbaum Capital Partners (Santa Monica) and Delos Shipping LLC (Dallas). In January 2015, HCI Capital announced the takeover of the shares from the US investors and thus the majority in König & Cie. known. The managing director of König & Cie., Jens Mahnke, was appointed to the management board of HCI Capital.
Organization and owner
Board
Robert Gärtner is a member of the board .
Supervisory board
The supervisory board consists of the chairman Alexander Stuhlmann, the members Jochen Thomas Döhle, Ingo Kuhlmann, Robert Lorenz-Meyer and the honorary chairman Udo Bandow.
Shareholder structure
The shareholders of Ernst Russ AG as of March 1, 2019 were:
| Shareholders | proportion of |
|---|---|
| Döhle Group | 38.2% |
| Hamburg Commercial Bank AG | 16.1% |
| JaJo Beteiligungsgesellschaft mbH & Co. KG | 9.1% |
| MS "Cordula" Schiffahrtsgesellschaft mbH & Co. KG | 6.4% |
| Free float | 30.2% |
Web links
Individual evidence
- ↑ a b c Management - Ernst Russ AG. Retrieved August 19, 2019 .
- ↑ a b Annual Report 2018. (PDF) In: www.ernst-russ.de. Retrieved August 19, 2019 .
- ↑ Basic data of the HCI share ( memento of January 17, 2014 in the Internet Archive ). HCI Capital website. Retrieved June 30, 2013.
- ^ Hoppenstedt Aktienführer 2009, Verlage Hoppenstedt, Darmstadt 2008, ISIN 978-3-87362-217-3.
- ↑ HCI Capital AG: Change of stock exchange segments , DGAP, April 25, 2012, accessed on June 27, 2014.
- ↑ Changes in the management board of HCI Capital AG ( Memento from December 24, 2013 in the Internet Archive ). HCI Capital, May 24, 2013.
- ↑ VGF industry figures for closed-end funds 2011. (PDF file; 8.4 MB) Top 10 providers of ship funds - equity. (No longer available online.) VGF Association of Closed Funds e. V., p. 30 , archived from the original on April 13, 2014 ; accessed on December 24, 2012 (as of January 31, 2012).
- ↑ a b HCI Capital AG takes over König & Cie. Group . HCI Capital AG, January 15, 2016, accessed on September 11, 2016.
- ↑ a b HCI Capital AG acquires Ernst Russ GmbH & Co. KG . ( Memento of June 30, 2016 in the Internet Archive ) HCI Capital, press release, April 21, 2016, accessed on June 30, 2016.
- ↑ HCI Capital is now called Ernst Russ AG - Will the new name really help? - DEFID. Retrieved August 19, 2019 .
- ↑ HCI Capital AG: Name changed to Ernst Russ AG . Ernst Russ AG press release, July 26, 2016, accessed on September 11, 2016.
- ↑ Ernst Russ AG emerges from three companies . Ernst Russ AG, accessed on September 11, 2016.
- ↑ King & Cie. mostly sold to US investors . In: Cash-online.de. May 23, 2013, accessed September 11, 2016.
- ↑ Company information . Ernst Russ AG, as of March 1, 2019, accessed on June 30, 2019 (PDF; 197 kB).