Mirova, an affiliate of Natixis Investment Managers specialising in sustainable investment, has finalised its acquisition of 100% of Mirova Natural Capital (formerly Althelia Ecosphere).
This acquisition reflects the value that Mirova places on natural capital investment. Natural capital is a highly impactful asset class and a key part of Mirova's current and future goals.
On 29 September 29, 2017, Mirova announcedthat it had acquired a 51% ownership stake in Althelia Ecosphere, an investment manager specialising in natural capital. Both the founders of Althelia Ecosphere, Sylvain Goupille and Christian Del Valle, retained stakes in the company.
Althelia Ecosphere has since become Mirova Natural Capital. Mirova's acquisition of Mirova Natural Capital reflects Mirova's desire to improve its positioning on natural capital. Mirova currently manages $400m worth of investments within this theme, in line with its goal of reaching a billion euros worth of investments in nature-related projects by 2022.
Philippe Zaouati, CEO of Mirova, commented: "We are delighted to have the opportunity to accelerate our natural capital investment, with the help of Sylvain Goupille and Christian Del Valle. This acquisition very much reflects our ambitions concerning natural capital."
Sylvain Goupille, co-founder and managing director of Mirova Natural Capital, commented: "Althelia was a pioneer in responsible investment and long-term investment in natural capital and I'm very proud to see how Mirova Natural Capital has grown over the last two years."