Natixis Investment Managers has expanded its private debt capabilities with the acquisition of MV Credit, European Credit specialist focused on upper mid-cap private debt.
The acquisition will help in development of Natixis Investment Managers’ European real assets range, providing investors with access to a wide range of strategies in private equity, private debt, real estate, and infrastructure.
MV Credit will remain fully autonomous while being able to access Natixis Investment Managers’ centralised global distribution capabilities. The acquisition, consistent with the objectives of Natixis’ New Dimension strategic plan, will be fee rate accretive, and the impact of the transaction on Natixis’ CET1 ratio is estimated at around 10bps.
As a fully autonomous affiliate of Natixis Investment Managers, there will be no changes to MV Credit’s operations, branding, staffing or investment strategies, and the existing management team will continue to lead the firm as a partnership.
Jean Raby, CEO of Natixis Investment Managers commented: “The combination of MV Credit’s proven track record, experienced management team, and strong expertise in subordinated and senior debts will make a substantial contribution to our European real assets range. MV Credit’s entrepreneurial mind-set and highly-active investment approach will fit perfectly within our multi-affiliate model and provide our investors access to a unique new range of private debt strategies.”