In September 2004, Coller Capital acquired a $90 million portfolio of companies from Dresdner Kleinwort Benson. The 22 companies are mainly US-based and operate in a range of business sectors.
Jan Kvarnström, of the Dresdner Bank’s Board of Managing Directors, explained that the “highly complex transaction” was completed at a “full and fair price” as part of a programme to “reduce the Bank's exposure to non-strategic assets".
The team managing the assets at Dresdner was spun out, becoming an independent GP named Annex Capital.