On July 11, 2018, Natixis announced an agreement to acquire a minority stake in WCM Investment Management.
Under the terms of the transaction, Natixis Investment Management (“Natixis”) will acquire a 24.9% stake in WCM Investment Management (“WCM”), and become WCM’s exclusive third-party distributor, subject to certain exclusions. WCM will maintain independence over the management of its business and Paul Black and Kurt Winrich will remain co-CEOs of WCM. The transaction is expected to close in the second half of 2018, subject to customary closing conditions and regulatory approval. Further terms were not disclosed. Cambridge International Partners acted as financial advisors to WCM.
Natixis, based in Paris and Boston, is a subsidiary of French banking group BPCE and has more than $1 trillion in assets under management.
WCM, based in Laguna Beach, CA, is an employee-owned investment management firm specializing in equity portfolios and has $29 billion in assets under management as of May 31, 2018.
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