Announced
Completed
Financials
Tags
France
investment management
Private
Acquisition
Asset Managers and Custodians
Single Bidder
Completed
Friendly
Majority
Private Equity
Synopsis
Bridgepoint and Credit Mutual-backed Primonial completed the acquisition of an additional 60% in La Financière de l'Echiquier (LFDE), its domestic competitor, for $393m. "We are delighted to announce the completion of the Primonial Group/LFDE deal, which sees one of France’s best financial asset management brands join Primonial Group and gives us a unique opportunity to create a leading player in France and Europe," Stéphane Vidal, Primonial CEO.
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