French equity boutique YCAP Asset Management is to acquire the investment management business of Fourpoints Investment Management, a Franco-American firm that specialises in equities.
The acquisition will bring YCAP’s assets under management to €1.5 billion, with Fourpoints – which is owned by New York-based Fourpoints Asset Management – representing €350 million of that.
A price for the deal has not been given.
YCAP was founded nearly seven years ago and has offices in Paris, Geneva and Luxembourg. The firm’s president, Lionel Tangy-Malca, said the acquisition would develop its expertise in equity management.
YCAP may also take a stake in Fourpoints Asset Management.
Fourpoints, founded in 1931, incorporates socially responsible investment principles into it equity funds, which include Europe, America and international products. The firm said it would be able to increase the risk-return of its portfolios with YCAP’s research and risk management, and create tailored solutions for institutional investors.
The completion of the transaction is expected to take place in the first quarter of 2017 pending authorisation from regulatory bodies in France, Luxembourg and the US.
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