Fidante rebrands Dexion Capital
UK-based alternative investment specialist Dexion Capital is to be rebranded Fidante Partners, reflecting the name of its acquirer.
Fidante Partners bought Dexion last year in a deal worth £19.6m. Fidante Partners is the boutique fund management business wholly owned by Challenger Limited, the Australia-listed company that claims AUM equivalent to $42bn (€37bn). Fidante Partners claims AUM of $30.3bn (€26.8bn).
At the time of the deal, Fidante cited as a reason for the acquisition Dexion’s deals to raise over $18bn across more than 100 transactions for its UK listed funds busines. Dexion branded funds and partnerships have been visible in areas such as agriculture, social housing, alternative energy and corporate services. (see http://www.investmenteurope.net/regions/uk/australias-challenger-group-acquires-dexion-capital/)
Fidante has previously developed interests in UK based global infrastructure investor Whitehelm Capital and asset backed security specialist WyeTree Asset Management.
Phil Peters, managing director of Fidante Partners said of the rebranding notice that: “We have made significant progress in bringing the two businesses together since the acquisition last year. Today’s announcement is the culmination of a process that makes us well placed to increase our international distribution capabilities and expand our range of products. By adopting a ‘one brand’ strategy, we can focus on growing and delivering one international investment management business.”