Natixis has entered into exclusive negotiations with TA Associates, Banca Leonardo and the managers of DNCA related to the proposal by Natixis Global Asset Management to acquire their equity interests in DNCA.
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DNCA's management would remain a shareholder alongside Natixis Global Asset Management and would benefit from a progressive withdrawal mechanism beginning in 2016 that would align medium-term interests and gradually increase Natixis Global Asset Management's stake in DNCA to 100%.
This projected acquisition was presented to Natixis Global Asset Management's representative bodies on Wednesday, February, 18, 2015.
The addition of DNCA1 to Natixis Global Asset Management's global line-up of affiliates would represent a major step forward in Natixis' New Frontier strategic plan by making a strong contribution to growth in asset management revenues in Europe, while also offering substantial potential for revenue synergies.
With €14.6 billion of assets under management at the end of January 2015, DNCA has pursued an entrepreneurial approach to developing a broad range of high-performing, well-recognized investment solutions for retail clients across Europe.
The combination of the proven expertise of Natixis Global Asset Management's investment managers, DNCA's solid investment performance and controlled risk profile, and the strong DNCA brand name would make a substantial contribution to the further development of Natixis Global Asset Management's global multi-affiliate model and the reinforcement of its existing expertise.
The planned transaction would provide Natixis Global Asset Management with a unique combination of funds with which to strengthen its position in retail markets.
It would help DNCA step up its international expansion in retail markets outside of France and Italy and deploy its equity solutions to institutional clients by leveraging Natixis Global Asset Management's global centralized distribution platform and support functions.
DNCA Finance is an investment management company founded in 2000 by specialists who are experts in pursuing a value-based focus to managing wealth for private and institutional investors.
Natixis Global Asset Management, S.A. is a multi-affiliate organization that offers a single point of access to more than 20 specialized investment firms in the U.S., Europe and Asia. ■