Natixis finalising sale of PE divisions to AXA PE
Natixis has reached an agreement to sell iXEN Partners, NI Partners and Initiative &Finance Gestion, three of its private equity division, to AXA Private Equity for €534m with potential performance-led premiums.
The price is a 7.6% decrease on the fair market value of December 31st 2009. .
The sale is in line with Natixis' planned reorganisation of it private equity assets announced in August 2009.
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