Latour Capital and Societe Generale Assurances to acquire Primonial from Bridgepoint and Arkea.

Latour Capital and Societe Generale Assurances agreed to acquire Primonial, a French mass market wealth management company, from Bridgepoint and Arkea. Financial terms were not disclosed. “We are very pleased to welcome new investors around the table, and thus to give Primonial the opportunity to contribute to a new dynamic. After two years of strong development, this new configuration will provide the Group with all necessary resources to continue to accelerate its international expansion and to multiply operating synergies between players in the sector. We want to support Primonial's management in this new phase," Vincent-Gael Baudet, Bridgepoint Partner.