Luxcara snaps up financial service firm Convexity

German renewable energy asset manager Luxcara GmbH said on Tuesday that it is acquiring Berlin-based financial services provider Convexity GmbH & Co KG to further boost growth and expand its offerings.

Convexity offers investment brokerage, investment advice and financial portfolio management. According to Convexity’s founder Friedrich von Nathusius, the product ranges of Luxcara and Convexity “complement each other perfectly”.

“Luxcara is the ideal partner when it comes to continuing Convexity's successful development in the future,” Nathusius added.

Following the integration of Convexity, he will continue to manage the company for a transitional period of several years.

Commenting on the deal, Luxcara's finance director Nils Driemeyer said: "By joining forces, we are strengthening the group and will be able to better meet the needs of institutional investors who want to invest in clean energy infrastructure in Europe and thus contribute to the success of the energy transition."

The transaction takes place with the approval of Germany’s Federal Financial Supervisory Authority (BaFin).

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