Natixis Global Asset Management has announced the completion of the acquisition of Paris-based boutique DNCA Finance (DNCA).
The announcement concludes six months of negotiations, which resulted in Natixis buying a 71.2% stake in DNCA, which manages €16.5bn in assets as of May 2015.
DNCA will now have access to Natixis’ global distribution capabilities, it will be able to enter new markets, including Spain, and expand its presence in existing markets such as Germany and Switzerland.
“The combination of DNCA’s proven track record, solid investment performance, controlled risk profile and strong brand name will make a substantial contribution to the further expansion of Natixis Global Asset Management’s multi-affiliate model and our strategy of growing the business in the European retail marketplace,” said Pierre Servant, CEO of Natixis Global Asset Management and member of the senior management committee of Natixis in charge of Investment Solutions.
“As an affiliate of Natixis Global Asset Management we will be able to replicate the success that we have had in France and Italy over the past 15 years and step up our international expansion. We believe that Natixis’ centralised global distribution platform will help us develop our retail and institutional business and provide investors with a range of simple and understandable funds that deliver results that strengthen their portfolios”, added Eric Franc, CEO of DNCA Finance.