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BRIEF-Unigestion agrees to acquire Akina's private equity business
February 8, 2017 / 8:19 AM / 8 months ago

BRIEF-Unigestion agrees to acquire Akina's private equity business

Feb 8 (Reuters) - Unigestion:

* Acquires Akina to create a $6 bln AUM market leader in global small and mid market private equity

* Christophe de Dardel, Unigestion’s head of private equity, will continue in his current role, leading Unigestion’s enhanced private equity team

* Combined business will trade under the Unigestion name

* Will be no change to investment strategy of existing products of Unigestion or Akina, but there will be cross-representation on investment committees

* Following completion, Unigestion’s total AUM will increase to more than $23 bln, of which private equity will represent 25 percent

* Completion of the transaction is subject to the customary regulatory approvals in the jurisdictions where the group operates (Bengaluru Newsroom: +91 806 749 1136)

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