Grupo Mutua Acquires Stake in Cygnus Asset Management

August 9, 2019

On July 26, 2019, Cygnus Asset Management SGIIC, SA announced that Grupo Mutua Madrileña would be acquiring a 20% stake in the firm.

Under the terms of the transaction, Grupo Mutua Madrileña (“Grupo Mutua”) will be purchasing 20% of Cygnus Asset Management SGIIC, SA’s (“Cygnus”) shares, with the option to acquire an additional 30.01% in 2020, which would make Grupo Mutua the majority owner at 50.01%. Cygnus will continue to operate independently. Juan Cruz will continue to serve as Chief Investment Officer and José María Amusátegui will continue in his role as President and Chief Executive Officer. Isabel Serra will continue managing Cygnus Funds USA, Luis Amusátegui will continue leading Cygnus’ Research team, and José Luis Pérez will continue to serve in his current role as Project Manager of the Europa Event Driven Strategy.

Grupo Mutua is a Spanish insurance company that specializes in life, automobile, health and accident insurance and pension and investment funds. It had €12 billion in assets, €5.3 billion in premiums, and €267 net profit in 2018.

Cygnus is an investment manager based in Madrid that specializes in investments in the utilities, energy, renewables and infrastructure sectors and event driven and special situation opportunities.

To read the press release: please click here.


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Investment Manager M&A, Investment Manager Strategic Investments, Transactions