Natixis to finalise DNCA’s acquisition

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Natixis Global Asset Management has announced that it has signed final agreement for the acquisition of equities specialist boutique DNCA Finance.

The firm has been conducting exclusive negotiations with TA Associates and Banca Leonardo since February to acquire DNCA Finance, managing €14.6bn of assets.

Natixis has purchased a 71.2% stake for €549m in the Paris-based boutique.

DNCA’s management will remain a shareholder alongside Natixis, but as from 2016 an exit mechanism will progressively increase Natixis’ stake to 100%.

The closing of the deal is expected for 30 June 2015.

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