The Vaudoise Group has a 20% stake in the share capital of SEG Suisse Estate Group SA, a holding company founded in 2016 and listed on the Berne Stock Exchange, and its main subsidiary Procimmo SA. This manager of collective real estate capital investments approved by FINMA currently manages 3.5 billion francs in real estate assets divided between a SICAV, five investment funds and a foundation. Collectively, the main shareholders of SEG Suisse Estate Group SA retain the majority of the shares. The structure and operational management of SEG and Procimmo remain unchanged. By joining forces with one of the most dynamic indirect property management teams in Switzerland, the Vaudoise Group brings its knowledge of the Swiss market and will support SEG in its future development and growth ambitions. With the acquisition in 2017 of the investment fund management company Berninvest, the Vaudoise Group is today a solid and credible player in this field. Tomorrow, its strategic investment in SEG will enable the two entities to gain in importance and generate scale effects when acquiring large real estate projects in Switzerland.
Jean-Daniel Laffely, CEO of the Vaudoise Group: “This equity investment is fully in line with our strategy of complementarity of income and profits. It allows us to strengthen an already strong strategic development axis: the management of real estate assets on behalf of third parties. We will thus gain access to a niche real estate segment and will be able to extend our geographical presence in Switzerland. We are happy to be able to collaborate with a solid and active team, and thus participate in the development of SEG ”.
Arno Kneubühler, CEO and member of the Board of Directors of Procimmo SA: “This partnership with the Vaudoise Group marks a new stage which strengthens the growth of the SEG group and allows it to consolidate its leading position as a Swiss investor in the niche real estate area ”.
This press release is available at vaudoise.ch.
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The Vaudoise Group
Vaudoise Assurances is the only independent private insurance company with a decision-making center in French-speaking Switzerland. It is one of the ten largest private insurers in the Swiss market. Founded in 1895, it has recognized expertise in all areas of insurance, provident and asset management. Customers find a local service from the agencies, both in terms of advice and settlement of claims. The Group employs more than 1,650 people, including around 100 people in training. Faithful to its mutualist origins, it pays part of its profits in the form of premium discounts to its policyholders. In 2021, 40 million are thus redistributed.
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