Lovell Minnick buys stake in Trea Asset Management

Following the transaction, the firm's founder and chairperson Carlos Tusquets will retain a controlling stake in the company alongside vice-chair Ramón Betolaza and CEO Antonio Muñoz. Financial terms surrounding the transaction have not been disclosed.

According to a statement, the firm aims to use the capital injection to boost its acquisition of Banco Madrid Asset Management, which manages €1.3bn of mutual fund assets through its distribution partnership with Banco Mare Nostrum.

Following the acquisition, Trea aims to increase its assets under management to more than €4bn and ink a new distribution agreement with Banco Mare Nostrum, following on existing partnerships with Grupo Cajamar and Banco Mediolanum.

Company
Established in 2006, Trea is headquartered in Barcelona and currently has €2.8bn in asset under management. The firm manages investment vehicles focusing on equities, fixed income and funds-of-funds via its own branded products as well as through exclusive distribution partnerships with lenders and investors in alternative assets.

The company has a headcount of 45 and in 2010 opened an office in Madrid.

People
Trea Asset Management – Carlos Tusquets (chair, founder); Ramón Betolaza (vice-chair); Antonio Muñoz (CEO).

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• Topics
• Expansion
• Financials
• Southern Europe
• Spain