In a statement, Natixis Investment Managers announced that newly acquired MV Credit would join Natixis “as a fully autonomous affiliate”.
Established in 2000, the firm holds credit analysis and active management as “core principles”, and has 18 years of investment experience spanning “all credit cycles”. It has also invested more than 5 billion pounds (AU$8.94 billion).
MV Credit will retain its branding, operations, staff, investment strategies and management team but will leverage Natixis’ global distribution capabilities.
“The acquisition, consistent with the objectives of Natixis’ New Dimension strategic plan, will be fee rate accretive, and the impact of the transaction on Natixis’ CET1 ratio is estimated at around 10bps,” the statement said.
Commenting on the acquisition, Natixis Investment Managers chief executive Jean Raby said: “The combination of MV Credit’s proven track record, experienced management team, and strong expertise in subordinated and senior debts will make a substantial contribution to our European real assets range.
“MV Credit’s entrepreneurial mindset and highly-active investment approach will fit perfectly within our multi-affiliate model and provide our investors access to a unique new range of private debt strategies,” he said.
MV Credit chief executive Frederic Nadal added that he was pleased for the firm to be a Natixis affiliate.
“The multi-affiliate model offers tremendous growth opportunities, allowing us to access a truly global distribution network and the support of a large financial services group while retaining our full autonomy and our singular focus on maximising returns for our investors,” Mr Nadal said.
