JWS acts on Natixis purchase of specialist fund manager

The deal marks the first major Australian acquisition for the Paris-based firm

JWS acts on Natixis purchase of specialist fund manager
Natixis Global Asset Management (NGAM) has acquired a majority ownership stake in an Australian equities fund manager through the help of commercial law firm Johnson Winter & Slattery (JWS).

The deal sees Sydney-based Investors Mutual Limited (IML) become an affiliate of one of the world’s largest fund managers.  NGAM will acquire all the shares in IML held by ASX-listed Pacific Current Group (PCG), along with a portion of the shares held by IML founder Anton Tagliaferro, for up to $155m in cash. This will give NGAM an equity stake of 51.9%.

Norton Gledhill, led by principals Hugh Scales and Alasdair McLean, acted for PCG while W Advisers acted for Tagliaferro.

JWS advised Natixis on all aspects of the transaction. Partner Jeremy Davis led the team, with the support of partners Clare Brown, Ravi de Fonseka, Shelley Hemmings, Lucienne Mummé, and Reynah Tang; and consultant Rod Cox.

“The Australian wealth management industry in particular is highly sophisticated, and IML’s views on portfolio construction and risk management align with Natixis Global Asset Management’s Durable Portfolio Construction approach,” said Fabrice Chemouny, head of APAC at Natixis Global Asset Management.

The transaction is the first major Australian acquisition for the Paris-based firm and marks its further expansion into the Asia-Pacific region.
“We have previously stated that it is our intention to pursue new growth in the Asia Pacific market, and this marks the first acquisition as part of those plans,” said Jean Raby, CEO of NAGM. 

Related stories:
New partners and special counsel named by Johnson Winter & Slattery
Commercial firm snags Magic Circle firm office managing partner

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

DWF lures two principals in Melbourne

DLA Piper passes US$3bn mark

NRF experts help create two funding programs to support agri-finance in Australia

US bar endorses probe of alternative law firm ownership

In-house legal teams need to take more risks says report…

Experts expect these four trends in cartel enforcement in Australia this year

Most Read Articles

Eight law firms among top 100 employers Australian graduates seek

Two top-tier firms act as Federal Court clears $15bn Vodafone-TPG merger

$570m acquisition succeeds with Lander & Rogers' advice

Lander & Rogers works on acquisition and related raising