German football investor appoints Luxembourg providers

Quattrex Sports, an alternative investment firm that invests in German football clubs, has appointed a range of Luxembourg service providers including European Fund Administration (EFA). The Quattrex SCA fund, which is domiciled in Luxembourg and structured as a Sicav-Fis, is the first of a series of sub-funds from the Stuttgart-based firm that will invest in professional German and other European football clubs. EFA provides administration and transfer agency to the fund, EY Luxembourg has been appointed as independent auditor, Fuchs Asset Management is the third-party fund management company, and Sedlo Law Firm Luxembourg provides legal services. The fund is the first of a series of sub-funds and provides mezzanine financing to professional football clubs primarily within the first three levels of the ‘Bundesliga’. The aim is to increase the clubs’ financial capabilities and competitiveness, which in turn should lead to higher revenues from media agreements, sponsoring and merchandising. Quattrex aims to deliver two types of returns for investors: a fixed return of 6% to 7%; and a variable return linked with club performance and media revenues. Using this business model, Quattrex has achieved a two-digit interest payment per annum since 2005, according to EFA. Tobias Schlauch, managing director and co-founder of Quattrex-Sports AG, said: “This sophisticated structure, in combination with a dynamic growing soccer market enables investors high security standards and sustainable return on investment.” Thomas Seale, chief executive of EFA, said the mandate win showed EFA’s strong positioning as an independent third-party administrator and that it could help fund firms bring innovative products to market. EFA has €119 billion of assets under administration. ©2016 funds europe

Executive Interviews

EXECUTIVE INTERVIEW: This is the year

Feb 16, 2017

Mark Weeks, head of ETF Securities, reflects on Brexit’s trampling of the FTSE and tells Nick Fitzpatrick he hopes to see stock and bond inflows top commodities for the first time this year.

EXECUTIVE INTERVIEW: A natural interest in the topic

Feb 16, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.

EMERGING MARKETS ROUNDTABLE: The re-emergence

Jan 03, 2017

2016 was the year emerging markets returned to the spotlight, as they regained ground since the 2012 sell-off. Funds Europe asked our panel if this appetite will persist in 2017.