Natixis Global Asset Management has announced the completion of the acquisition of DNCA Finance (DNCA), expanding its list of global affiliates and strengthening its position in European retail markets.
As an affiliate of Natixis Global Asset Management, DNCA - a European investment management company - will have access to Natixis Global Asset Management's centralised global distribution capabilities.
TA Associates purchased its stake in DNCA from majority shareholder Gruppo Banca Leonardo, the pan-European, Milan-based investment bank.
Headquartered in Paris and staffed by 45 employees, DNCA is one of the largest independent fund management boutiques in France.
With its significant experience in this sector, TA will be able to assist DNCA with our continued expansion in France and elsewhere in Europe.
TA has built an impressive reputation in the asset management industry as a sophisticated long-term investor," said Joseph Chatel, Executive Chairman, DNCA.