La Financiere de l’Echiquier Forms Strategic Partnership with Primonial

January 10, 2018

On November 30, 2017, La Financiere de l’Echiquier and Primonial Investment Managers agreed to enter into a strategic partnership.

Under the terms of the Agreement, La Financiere de l’Echiquier (“LFDE”) will acquire AltaRocca Asset Management and Stamina Asset Management, the asset management operations of Primonial Investment Managers (“Primonial”), and Primonial will receive a 40% stake in LFDE. Upon closing, Didier Le Menestrel, founder and current Chairman-CEO of LFDE will become Chairman of LFDE’s Board, while Primonial’s Deputy CEO Christophe Mianné will take over as CEO of LFDE in addition to his duties at Primonial. The transaction is expected to close in the first quarter of 2018, subject to regulatory approval.

LFDE, established in 1991 and headquartered in Paris, is one of France’s leading independent asset management companies, specializing in managing savings and financial investments for retail customers, wealth management advisors and institutional clients across Europe. LFDE has over €8 billion in assets under management.

Primonial, also headquartered in Paris, is an investment manager that specializes in wealth management relating to real estate funds, life insurance and annuities, structured products and asset management. Primonial has over €16.6 billion in assets under management and advisement.

To read the press release: please click here.


Categories

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