Natixis buys Euro Private Equity

The French bank is understood to have taken a 51% stake in Euro PE. The Geneva-based firm has around €1bn in assets under management (AUM) on behalf of institutional and private investors, notably Swiss pension funds.

The move highlights Natixis's further push into private equity management on behalf of third-party investors. The bank's private equity arm will have more than €5bn in AUM and 130 members of staff across offices in Paris, Geneva, New York and Singapore following the acquisition.

Natixis's private equity arm includes Naxicap Partners, Alliance Entreprendre and Seventure on the direct investment side. Beside Euro PE, the funds-of-funds and investment advisory activity regroups Dahlia Partners, Caspian Private Equity and Eagle Asia Partners.

As part of the acquisition, former Dahlia managing partner Benoit de Kerleau will join Euro PE's management team, which comprises co-founders Eric Deram and Marc-Antoine Voisard.

Natixis was advised by Dentons on the legal side, while Ernst & Young provided due diligence. Law firm Borel & Barbey advised Euro PE's management.

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