TX Group sells shares in MoneyPark
The private media group TX Group has sold its minority stake in MoneyPark. They were taken over by the Helvetia Group. As of May 1st, Martin Tschopp will replace the current CEO of MoneyPark, Stefan Heitmann.
The venture arm of the TX Group , which focuses on fintech, has sold its minority stake in MoneyPark to the St.Gallen Helvetia Group . The insurance company had already acquired its first shares in 2016.
“MoneyPark has developed excellently under the leadership of CEO and founder Stefan Heitmann,” Jens Schleuniger, Investment Director at TX Ventures, is quoted as saying in a press release . With well over CHF 3 billion in mortgage volume brokered annually, MoneyPark has “advanced to become the clear market leader in this area”. In recent years, MoneyPark has successfully expanded its offering to include real estate transactions and pension benefits.
Daniel Mönch, Chief Strategy Officer of the TX Group, also thinks the timing of the sale is good: “The company has grown from a start-up to a leading fintech and is taking a further development step with the change in management announced today”.
As MoneyPark announced in its own media release , Martin Tschopp will replace the current CEO Stefan Heitmann on May 1st. The outgoing CEO and founder describes it as “emotionally not easy” to give up the management after ten years. But with Tschopp, a “technically adept and outstanding human successor” takes over his position. “I am very pleased to be able to lead MoneyPark into the next development phase with the existing management team,” says Tschopp. Now it is important to further expand the number 1 position.