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New Deal


Announced

Natixis to merge with the wealth management unit of La Banque Postale.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

fund management

Pending

Private

Majority

Asset Managers and Custodians

Friendly

France

Acquisition

Synopsis

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Natixis' Ostrum Asset Management agreed to merge with the wealth management unit of La Banque Postale, a French bank. Financial terms were not disclosed. The combination of the fixed-income and insurance-related asset management businesses of Ostrum Asset Management and La Banque Postale Asset Management within a joint entity is expected to be completed in the fourth quarter of 2020, subject to obtaining required regulatory approvals.

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