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New Deal


Announced

Beka Finance to acquire Trea Asset Management from Lovell Minnick Partners.

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

Private

Acquisition

Friendly

Private Equity

Majority

Pending

Private Equity

Asset Managers and Custodians

asset management

Spain

Domestic

Synopsis

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Beka Finance, an investment bank, agreed to acquire Trea Asset Management, an operator of an asset management firm, from Lovell Minnick Partners, a private equity firm. Financial terms were not disclosed. “We are very pleased to have reached this agreement with Trea AM, which places us at the forefront of asset management in Spain, both liquid and alternative, and allows us to register a notable increase in Beka Finance's assets. In addition, we strengthened ourselves in a segment, retail distribution, in which until now we had a limited presence, which marks a clear roadmap for the coming years," Carlos Stilianopoulos, Beka Finance CEO.

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