Eurazeo invests further in IM Square ahead of acquisitions

With the fresh capital, IM Square plans to acquire three to six additional asset managers with $1-20bn in assets under management, with a special focus on alternative management. Most of the asset managers it is targeting are based in the US and Europe, and it is launching a US distribution platform while developing its distribution across Europe.

The group said it plans to invest $500m, with current and future shareholders, within two to four years. Additionally, the firm appointed Jeffrey Seeley as head of IM Global Partner US. Prior to joining, he was the head of distribution at AMG Funds.

Company
Launched in 2015 and based in Paris, IM Square is a development and investment platform for the asset management sector and aims to accelerate its funds range growth.

French asset managers Amundi, Eurazeo and La Maison have been founding shareholders since June 2015. IM Square is currently seeking one or several new international shareholders and also may finance its long-term growth through an IPO, it said.

People
Eurazeo Capital – Marc Frappier (managing partner).
IM Square Group – Philippe Couvrecelle (founder, CEO).

Advisers
Equity – Goodwin Procter, Maxence Bloch, Samuel Berrebbi, Arnaud David (legal).
Company – Philippe Bonhomme, Djilali Bou-Abdallah, Romain Guillemin (corporate finance, financial due diligence); Cazals Manzo Pichot, Romain Pichot (legal); SVZ Avocats, Géraud de Franclieu, Céline Raynal (legal).

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• Topics
• Expansion
• France
• Financials
• France
• Eurazeo
• Amundi Private Equity