Primonial completed the acquisition of La Financière de l'Echiquier for $393m.

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.