Primonial Group’s management team, Bridgepoint and the Arkéa Group announced the signing of a memorandum of understanding regarding the Group’s capital in order to continue and accelerate its internationalization and the development of new investment solutions.
The arrival of Bridgepoint, one of Europe’s leading equity investors, as majority shareholder in 2017 empowered Primonial to continue its growth on its domestic market, to consolidate its position as an independent leader in the distribution of wealth management and asset management solutions, and to launch its international expansion.
The external growth strategy, founded on sustained organic activity, has seen very dynamic developments over the past two years with the acquisition of Aviarent, the leader in German healthcare real estate, the consolidation of 100% of its real estate subsidiary Primonial REIM (following the redemption of UFFB’s 30% stake granted at the creation of the company), the acquisition of a stake in Leemo alongside FONCIA Group, and the 100% acquisition of LFDE (La Financière de l’Echiquier).
The transaction announced will enable the Primonial group to continue its strong development with the support of a majority of financial shareholders, thus guaranteeing the Group’s independence. Bridgepoint and Latour Capital, grouped together in a joint holding company, will own 70% of the capital, whilst leading industrial players will take a stake in the Group with a focus on driving operating synergies.
Source : Company