Malakoff Humanis to acquire Sienna Gestion and Sienna Private Credit from GBL.

Malakoff Humanis, a French mutual society that specializes in supplementary pension plans, agreed to acquire Sienna Gestion, a French financial firm, specializing in investment, asset management, consulting, and risk management, and Sienna Private Credit, which operates in the private debt sector, specializing in financing mid-market companies, real assets, and infrastructure, from GBL, an established investment holding company, with seventy years of stock exchange listing. Financial terms are not disclosed. "I applaud the excellent management provided by the teams at Sienna Gestion and Sienna Private Credit on behalf of their clients. Indeed, the assets under management of these two businesses have grown significantly over the past three years, both through organic growth and new inflows. I am delighted that Malakoff Humanis is able to offer a solid proposal that will enable the teams to continue supporting their clients and allow the funds launched in recent months to maintain their momentum," Thomas Saunier, Malakoff Humanis CEO.