Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Natixis Buys in SoCal and Europe Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 17, 2018

Natixis Buys in SoCal and Europe

News summary by MFWire's editors

Jean Raby just agreed to a partial acquisition deal here in the U.S. after sealing a different deal in Europe last month.

On July 11, Raby confirmed that Boston- and Paris-based Natixis Investment Managers has agreed to buy a 24.9-percent minority stake in Laguna Beach, California-based WCM Investment Management while becoming a long-term, exclusive distribution partner for WCM. Terms of the deal were not disclosed, and it's expected to close by the end of 2018.

The WCM deal comes after Natixis bought MV Credit, a European private credit specialist with offices in London and Luxembourg, on June 29. P&I reported on the WCM and MV deals.

Cambridge International Partners advised WCM on its Natixis deal. Raby, CEO of Natixis IM, confirms that WCM's co-CEOs, Paul Black and Kurt Winrich, will continue to lead the $29-billion-AUM, low turnover, high conviction, global equity manager. That includes $6 billion in mutual fund AUM as of the end of June, per Morningstar estimates.

Raby calls WCM "an excellent partner and strong addition" to the Natixis family.

"After a lot of thought and collective input, we concluded the smartest way to enhance our stability, and to guard our investment temperament, was to partner with a world-class global distribution platform," Black states.

"This partnership will allow us to stay focused on what we do best; namely nurturing and growing a vibrant, robust culture, and generating superior performance for our clients," Winrich states.

As for 18-year-old MV, they are now a "fully autonomous affiliate" of Natixis IM, according to Natixis' public statement on the deal, so the firm's branding, investment strategies, leadership, operations, and staffing are expected to continue as before. That includes Frederic Nadal, CEO of MV.  

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use