Natixis says it has entered exclusive negotiations to acquire French asset manager DNCA Finance. The acquisition would be the second in a year for Natixis.
DNCA Finance, founded in 2000 and which has €14.6 billion of assets under management (AUM), would join Natixis Global Asset Management's line-up of independent investment management affiliates.
DNCA Finance grew its AUM from €5 billion in 2011.
The firm offers a range of equity strategies, including absolute return, fixed income and multi-assets. Natixis says DNCA would strengthen its presence in retail markets.
Natixis' annual results today show that Natixis Global Asset Management registered a 17% year-over-year increase in its assets under management to €735.5 billion, with €28.5 billion in net inflows throughout the year – a record year for the asset management business.
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