Announced
Financials
Tags
Single Bidder
Private
Acquisition
Friendly
Private Equity
Majority
Pending
Private Equity
Asset Managers and Custodians
asset management
Spain
Domestic
Synopsis
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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