Erste Asset Management Finalizes Acquisition of InterCapital Asset Management
Erste Asset Management (Erste AM), a leading asset manager in Central and Eastern Europe, has finalized the acquisition of 100% of InterCapital Asset Management d.o.o. (ICAM), a well-established Croatian asset management firm. The final closing of the transactions took place on Thursday, 5.6.2025 and received all necessary regulatory approvals.
This acquisition significantly strengthens Erste AM’s position in the Croatian market, increasing its assets under management in the country to over €1 billion. The transaction encompasses the management of all UCITS investment funds, alternative public offering funds, and funds for Croatian war veterans and their families, totaling approximately €450 million.
“With the completion of this acquisition, we reaffirm our commitment to the Croatian fund market, where we see significant growth potential. Our Croatian subsidiary has our full support, and we are confident it will leverage synergies to advance while ensuring the highest quality standards for all clients”, says Heinz Bednar, CEO of Erste Asset Management.
Josip Glavaš, CEO of Erste AM Croatia, adds: “We are extremely pleased to have realized the acquisition of part of the fund business of a renowned and successful company like InterCapital. We believe this is a positive scenario for both companies, allowing each to better position itself in its core business segments and focus on specific areas where it is a market leader.”
The integration process will focus on ensuring continuity for clients and employees, aiming for a seamless transition and sustained excellence in service delivery.
For further queries please contact:
Erste Asset Management, Communications & Digital Marketing
Dieter Kerschbaum
Tel. +43 (0)50 100 19858
E-Mail: dieter.kerschbaum@erste-am.com
Paul Severin
Tel. +43 (0)50 100 19982
E-Mail: paul.severin@erste-am.com
Erste Asset Management GmbH
Am Belvedere 1, A-1100 Wien
www.erste-am.com
Sitz Wien, FN 102018b,
Handelsgericht Wien, DVR 0468703
About us
Erste Asset Management GmbH (Erste AM) is an international asset management company with a strong position in Central and Eastern Europe. Erste Asset Management is backed by the financial strength of Erste Group Bank AG (Erste Group). There are locations in Austria, Germany, Croatia, Romania, Slovakia, the Czech Republic, and Hungary. Erste AM manages in total assets of EUR 91.8bn (as of 30 April 2025). Erste Asset Management has been operating successfully in the market since 1965.
Disclaimer
This document is an advertisement. Please refer to the prospectus of the UCITS or to the Information for Investors pursuant to Art 21 AIFMG of the alternative investment fund and the Key Information Document before making any final investment decisions. Unless indicated otherwise, source: Erste Asset Management GmbH. Our languages of communication are German and English.
The prospectus for UCITS (including any amendments) is published in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to Art 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in connection with the InvFG 2011. The fund prospectus, Information for Investors pursuant to Art 21 AIFMG, and the Key Information Document can be viewed in their latest versions at the website www.erste-am.com within the section mandatory publications or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the Key Information Document is available, and any additional locations where the documents can be obtained can be viewed on the website www.erste-am.com. A summary of investor rights is available in German and English on the website www.erste-am.com/investor-rights as well as at the domicile of the management company.
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