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New Deal


Announced

Alantra is set to acquire a strategic stake in Access Capital Partners from OP Financial Group and Dominique Peninon for €19m.

Financials

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Transaction Value£4m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

France

Acquisition

Friendly

asset management services

Hedge Funds

Private Equity

Synopsis

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Alantra is set to acquire a strategic stake in Access Capital Partners, a pan-European private asset manager. Through the acquisition of stakes in Access’ holding and operational company, Alantra will own a 49% interest in the business and become over time the company’s only strategic shareholder. The current executive partners will maintain the control of Access. The first step of the transaction entails the acquisition of a 24.5% interest for a cash consideration of €19m ($21.7m). In 2022 Alantra will have a call option, and OP Financial Group a put option, for OP’s remaining stake. “We are extremely satisfied to partner with Access, a firm that we have known for more than 15 years and which shares our values of entrepreneurship, alignment of interests with clients and performance. Through the partnership with Access we will be able to offer our clients new asset classes. Therefore, I am certain that together with Access’ leadership team we will be able to lever significant synergies for both firms in terms of fund raising and products in the years to come.” Santiago Eguidazu, Alantra Executive Chairman.

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