DL Holding Group has announced an investment of $8 million (HK $63 million) to acquire 45 percent equity of its affiliated company, DL Family Office Ltd., as well as 100 percent equity of Emerald Wealth Management Ltd. for $2 million (HK $15.5 million) in cash, totaling $10 million HK $78.5 million).
DL Holding has achieved massive growth in net profit and revenue, and its investments, especially when there are fluctuations and uncertainty in the market. Acquiring the family office with a better business model will expand DL’s asset management business, scale its services, increase their ultra-high-net worth clients, and create synergies for the investment banking business. The acquisitions will also contribute to bringing a sustainable force to its Impacting Investment Strategy.
DL Family Office (DLFO) was founded in 2012 and is one of the most successful multi-family offices in Hong Kong. The family office covers mainland China, Singapore, North America, and Japan. Currently, the total AUM is around $1.22 billion(HK $10 billion). The core team of DLFO comes from internationally renowned private banks, wealth management institutions, with more than 20 years of experience.
Emerald Wealth Management Ltd. is committed to providing customers in Greater China with a range of consulting, lifestyle, and wealth management services. It has served around 500 groups of wealthy families, with a total annual premium of $9 million (HK $70 million) in 2021.
DL Holdings Group successfully invested in Atlas Multi-assets Capital in 2022, and has signed a cooperation agreement with YF Life. The firm also began distribution and business cooperation with Harvest Global Capital Investments to accelerate its business channel expansions and product categories.
‘DL Holdings Acquires Family Office To Accelerate Its Growth In Asset Management‘- PR Newswire
