Three companies have joined forces

Ernst Russ AG evolved from the merger of König & Cie. Group and Ernst Russ Reederei into HCI Group in 2016, which produced a corporate group that currently manages assets with a total volume in excess of 6.1 billion euros – with the main focus on shipping, property and energy. Ernst Russ currently manages a fleet of more than 100 container, tanker and bulker vessels, together with shipping, property, renewable energy and private equity assets.

Building on our active asset and investment management expertise, our in-depth understanding of international shipping, and our long maritime and business tradition, we have formed Ernst Russ AG into a group of companies that can look back on a long and successful history while at the same time helping us to shape our future.

Ernst Russ, well-established shipping company

Ernst Russ GmbH & Co. KG

Ernst Russ established his shipping company in Hamburg more than 120 years ago, in 1893, and quickly amassed a fleet of 16 ships. Although he lost ten ships in the First World War, he rebuilt and expanded the fleet to 37 ships. Ernst Russ suffered severe losses again in the Second World War, but the company was saved and rebuilt again. Ernst Russ was able to leave his successors a thriving shipping business. It formed the basis for a modern shipping company focusing on ro-ro and container shipping.

Ernst Russ placed great importance on mutual trust and efficiency. These values guided the actions of his successors as well, enabling them to develop the shipping company into what is now one of Hamburg’s oldest. In 2013, Ernst Russ GmbH joined forces with Peter Döhle Schiffahrts KG and Stüwe – another shipping company – to establish Russ Shipbroker, a globally operating enterprise.

Asset and investment management at HCI Capital

HCI Capital AG

HCI Capital AG was founded in 1985 to issue shares in ship investments. The company quickly evolved into one of Germany’s leading addresses for ship shares and expanded its business to include further asset classes such as property, private equity and alternatives.

HCI Capital AG went public in 2003 and founded Hammonia Reederei in collaboration with Peter Döhle Schiffahrts AG. This was followed in 2015 by the establishment of HCV (Hanseatische Capital Verwaltung GmbH & Co. KG) investment management company and the award of a full licence to the company by Germany’s Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). HCI Group provides fiduciary services as well as structuring and managing alternative investment funds (AIF).

Shipping expertise from König & Cie.

König & Cie.

König & Cie. GmbH & Co. KG was established in 1999. Its business initially focused on issuing shares in ship investments and other asset classes such as infrastructure, private equity and property. From 2008 onwards, König & Cie. increasingly evolved into a corporate group engaged in international shipping activities and the provision of maritime services, positioning itself as a reliable partner for professional clients and shipping companies.

Alongside its joint venture with OSM Ship Management to exploit synergies arising from the technical management of bulkers, offshore ships, tankers and container vessels, König & Cie. also established Hanseatischer Treuhand Verbund, one of the leading fiduciary companies in the German market. Its strategic partnership with Icelandic shipping company Eimskip completes the international network of König & Cie. in the fields of chartering, sales and purchase, crewing, construction and investment Projects.

Milestones

1893

Ernst Russ GmbH & Co. KG

Ernst Russ GmbH & Co. KG is established.

1899

Ernst Russ GmbH & Co. KG

Ernst Russ orders his first new ship – MARTHA RUSS. She was built in Rostock and could carry 3,100 TDW.

1957

Ernst Russ GmbH & Co. KG

Ernst Russ dies shortly before his 90th birthday, leaving a shipping company with a fleet of 21 vessels. Four years later, his son-in-law and partner, Paul Lorenz-Meyer, dies. Together, the two of them had managed the company’s business for nearly 40 years.

1985

HCI Capital

Hanseatische Capital Invest AG is established as the starting point for HCI Group.

1985

HCI Capital

HCI: starts issuing shares in ship investments

1985

Ernst Russ acquires CombiTrade GmbH, a shipyard representative company.

1997

HCI Capital

HCI: launches (foreign) property funds

1999

Logo König & Cie.

König & Cie. GmbH & Co. KG is established.

2000

HCI Capital

HCI: launches private equity funds of funds

2005

Logo Mercator Navigation

König & Cie. joins forces with Scorpio Shipping Limited to establish Scorship Tankers shipping company in Hamburg – nowadays known as Mercator Navigation.

2005

HCI Capital

HCI goes public.

2009

HCI Capital

HCI: issues its first solar fund

2013

Ernst Russ Gmbh & Co. KG

Ernst Russ GmbH & Co. KG joins forces with Peter Döhle Schiffahrts KG Stüwe shipping company to establish Ernst Russ Shipbroker GmbH & Co. KG.

2013

Logo König & Cie.

König & Cie. aligns its strategy to asset and investment management focusing on maritime business and the management of existing Investments.

2013

Logo HTV

Hanseatischer Treuhand Verbund is established.

2015

Logo OSM

Joint venture between König & Cie. and OSM Ship Management is established.

2016

HCI Capital

HCI acquires König & Cie. and, in doing so, expands its range of maritime and shipping-related services.

2016

HCI Capital

HCI Capital AG acquires Ernst Russ GmbH & Co. KG shipping company, expands its fleet of operated vessels, and strengthens the position of HCI Group in international shipping business.

2016

HCI Capital

HCI Group takes over a ship portfolio financed by HSH Nordbank.

2016

HCI Capital

HCI Capital acquires the majority stake in WestFonds Immobilien Anlagegesellschaft mbH (WestFonds) from Erste Abwicklungsanstalt AöR (EAA).

2016

Ernst Russ AG

Ernst Russ AG is the product of the Merger of König & Cie. Group and Ernst Russ Reederei into HCI Group in 2016.

2017

Assetando

Ernst Russ AG subsidiary Assetando expands real estate management portfolio by more than EUR 1 Billion.

2018

Assetando

Assetando: Assumption of public fonds of Engel & Völkers Capital AG