Mirova and Thematics Asset Management, both affiliates of Natixis Investment Managers, have announced plans to merge in a strategic move aimed at becoming “a global reference in thematic asset management”.
The merger combines Mirova’s track record in responsible investment with Thematics AM’s focus on high-conviction thematic strategies. Together, the entities manage over €35 billion in assets and aim to offer a broader, range of thematic investment products globally.
Mirova, with €32 billion under management, has thematic portfolios worth €3.1 billion and targets critical global challenges including climate action, biodiversity, and social inclusion. Thematics AM contributes another €3.1 billion in assets, spanning themes like artificial intelligence, water management, health and the subscription economy.
The result will be a diversified platform that aims to deliver both performance and purpose to investors across Europe, North America, and Asia-Pacific, shared the asset managers.
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The transaction is slated to close in the fourth quarter of 2025, pending regulatory approvals and the completion of required social consultations.
Philippe Setbon, CEO of Natixis Investment Managers, commented: “This merger project perfectly aligns with our strategic ambition, Vision 2030. By uniting the strengths of Mirova and Thematics AM, we aim to address the growing needs of our clients in an increasingly competitive market.”
Philippe Zaouati, CEO of Mirova, added: “This merger project with Thematics AM fully aligns with our strategic development. By joining forces, we could expand our offering in listed markets, better meet our clients’ expectations, and strengthen our position as a leader in responsible investment. This initiative perfectly aligns with our goal of doubling our assets by 2030 and increasing our positive impact on the environment and society.”
Karen Kharmandarian, president and CIO of Thematics AM, added: “Following a successful initial development phase for Thematics AM, this strategic merger would enable us to offer enhanced collective expertise to our clients, providing a range of innovative thematic products that address their concerns and the challenges of our time.”
