Mayfair wealth management
| Mayfair Vermögensverwaltungs SE | |
|---|---|
| legal form | European society |
| founding | 2002 |
| Seat | Hamburg |
| management | Michaela Herz, Christian Herz, Rainer Kutzner, Hinrich Stahl, Johannes Lafrentz |
| Number of employees | 6,164 (2011) |
| sales | 797 million euros (2011) |
| Branch | Family holding |
| Website | www.mayfair-hamburg.de |
Mayfair Vermögensverwaltungs SE , based in Hamburg, is the family holding company of the families of Günter Herz and his sister Daniela Herz-Schnoeckl. It invests in long-term corporate investments, short-term assets such as stocks and bonds, and real estate.
background
Günter and Daniela Herz were owners of the Tchibo Group for many years . Günter Herz took over the management of the group from his father in 1965. In 2002 Günter Herz stepped down as CEO of the Tchibo Group after the majority on the Supervisory Board had changed. The following year he and his sister Daniela sold their shares in the group to their siblings and founded Mayfair as a new family holding company. With the resolution of the Annual General Meeting on November 9, 2011, the company was converted from a stock corporation into a European company.
Investments
Within the holding company, Hamburg-based Maryland GmbH is responsible for long-term investments. Participation levels range between around 100 million euros and several billion euros, with a focus on companies in the consumer goods, retail and service sectors.
Mayfair's first significant stake was the 17 percent stake in the publicly traded Puma AG in May 2004. As a result of the publication of a new phase of corporate development, which included expanding its own retail business and buying back country licenses, Mayfair increased its stake to 27 percent . Two years later, Mayfair decided to accept the takeover offer by the PPR Group for Puma and sold its shares for 330 euros per share.
The second major investment concerned the purchase of Germanischer Lloyd , which cost 575 million euros . Günter Herz came to the management's aid in fending off a hostile takeover offer from Bureau Veritas . Since the takeover, Germanischer Lloyd has started to expand its oil & gas and renewable energies business with a series of acquisitions. In 2013, Germanischer Lloyd merged with its Norwegian competitor to form one of the leading global certification groups DNV GL. The stake in DNV GL was sold to the Norwegian Det Norske Veritas Foundation in December 2017, which became the sole owner of the DNV GL Group.
In June 2011 it was announced that Mayfair had acquired a 44 percent stake in the restaurant chain Vapiano .
Individual evidence
- ↑ Consolidated financial statements as of December 31, 2011 in the Federal Gazette ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ Consolidated financial statements as of December 31, 2011 in the Federal Gazette ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ Interest in companies from the consumer goods sector: Tchibo founder looks to lucrative investments in Handelsblatt (February 10, 2005) (accessed on March 11, 2013)
- ↑ Herz family buys € 500m Puma stake ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. in [Financial Times] (May 11, 2005) (accessed March 11, 2013)
- ↑ MAYFAIR BUYS TO Puma with a big heart in Manager Magazin (September 9, 2005) (accessed March 11, 2013)
- ↑ GERMANISCHER LLOYD Günter Herz and the heavy pots in Manager Magazin (December 15, 2006) (accessed March 11, 2013)
- ↑ The Herz siblings sell their stake in the engineering company DNV GL. (No longer available online.) Die Zeit , December 14, 2017, archived from the original on December 17, 2017 ; accessed on December 16, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Tchibo heirs buy stake in restaurant chain in FAZ (June 16, 2011) (accessed March 11, 2013)
