Candriam to Acquire Rothschild Europe’s Alternative Management Business

July 24, 2020

On July 6, 2020, Candriam Luxembourg/ NL announced that it has entered into an agreement to acquire Rothschild & Co Asset Management Europe’s alternative multi-asset management business.

Under the terms of the agreement, Rothschild & Co Asset Management Europe (“Rothschild”) will transfer its alternative multi-asset management business to Candriam Luxembourg/NL (“Candriam”). The business consists of alternative investment funds of funds and a microfinance fund, of which Candriam will become the asset management company. The deal is subject to regulatory approval. Further terms of the deal were not disclosed.

Rothschild is an asset manager that specializes in equities, fixed-income, convertible bonds, and flexible diversified funds. It is a division of the Rothschild & Co group. Rothschild manages more than €21 billion.

Candriam, based in Luxembourg is a global asset manager that specializes in bonds, equities, and asset allocations. It is an affiliate of New York Life Investment Management LLC. Candriam has approximately $146 billion in assets under management as of December 30, 2019.

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Categories

Investment Manager M&A, Transactions