Euro Private Equity acquires Dahlia Partners

Following regulatory approval and the agreement of the French regulatory board AMF, the acquisition of Dahlia, which was agreed as part of the original April 2013 deal when Natixis acquired advisory service Euro Private Equity (Euro PE), has been completed. The French bank now owns a 100% stake of Dahlia Partners via its subsidiary Euro PE, in which it originally held a 51% stake but has since increased to 60%.

The consolidation brings Euro PE's total assets under management to €2bn across more than 200 private equity, mezzanine and infrastructure funds. The company is led by Marc-Antoine Voisard, managing partner at Euro PE, with Eric Deram and Benoit Kerleau and is based in Paris and Geneva. Dahlia will be renamed Euro Private Equity France following the transaction.

Set up in 2006 as a typical fund-of-funds, Dhalia will now be transformed in terms of its strategy and philosophy to emulate Euro PE. Euro PE was founded in 2005 to provide advisory services to institutions and focuses on service rather than product, selecting private asset management around the world.

It will however, continue to provide both a primary and secondary fund portfolio selection and management service, as well as offering direct co-investment in major locations. Its Euro PE Select Opportunities Fund is launching now, with a target of €120m and typically receiving investment from French insurance companies and banks. Having already received commitments of close to €100m, it will start to invest in Europe next month.

Euro PE is a subsidiary of Natixis Global Asset Management, which also operates Seventure Partners and Alliance Entreprendre. The consolidation of Euro PE and Dahlia will provide the asset manager with business development and compliance support and a diversified client base.

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