E+H has advised the Grawe Banking Group on the simplification of its structure through two intra-group mergers.
According to the firm, this was carried out in order to further increase efficiency in the Group. Grawe Banking Group is wholly owned by Grazer Wechselseitige Versicherung.
According to E+H, “the result is Schelhammer Capital Bank AG, an Austrian private bank with around EUR 300 million in eligible capital, total assets of around EUR 2.3 billion, and a customer volume under management of around EUR 23.9 billion. The merged bank employs around 200 staff.”
E+H’s team included Partners Philipp Schrader, Peter Winkler, Jana Eichmeyer, and Karolin Andreewitch-Wallner, and Associates Claudia Kendlbacher and Georg Meixner.