Swiss-based Unigestion will acquire private equity boutique Akina to create a “specialist in global small and mid-market private equity” with $6 billion (€5.6 billion) in assets.
The cost of the deal, which is subject to regulatory approval, was not given.
The combined assets include $2.6 billion from Akina and account for a quarter of Unigestion’s total AUM of over $23 billion.
Private equity now becomes the second largest pillar of Unigestion’s offering and its combined private equity business will have 54 professionals located in Geneva, Zurich, London, New York and Singapore.
While Christophe de Dardel, Unigestion’s head of private equity and member of the executive committee, will continue in his current role, there was no mention of what position Akina’s managing partner Christopher Bodtker would have.
Unigestion said the two private equity investment teams will “easily blend into one strong group, benefiting from each other’s talent, insights and expertise”.
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