Natixis Investment Managers is expanding into the Canadian market via a long-term strategic partnership with Fiera Capital Corporation.
The French multi-affiliate asset manager has chosen Fiera Capital as its preferred Canadian distribution platform, in a move that will give Fiera clients access to Natixis active investment strategies.
Natixis is to acquire an 11% stake in Fiera Capital for C$128.2 million (€85 million), strengthening its position in the Canadian market.
Fiera also intends to repurchase for cancellation 2.45 million Fiera class A shares from the National Bank of Canada.
The distribution agreement will have a term of five years, with an initial review term of three years and annual reviews thereafter.
Canadian institutional, private wealth, and retail clients will gain access to Natixis investment strategies, while Natixis will offer “complementary Fiera Capital investment strategies” including private market alternative investment strategies.
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