• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      event logo
      International Investment Awards 2021

      The 22nd International Investment Awards will take place on 7th October 2021. The II Awards are the longest-running event of their kind and last year saw a record number of categories and entries.

      • Date: 07 Oct 2021
      • Online, Online
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • M&As

Amundi set to acquire Lyxor in €825m deal

Amundi set to acquire Lyxor in €825m deal
  • Mike Sheen
  • Mike Sheen
  • 07 April 2021
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Amundi is set to acquire European ETF house Lyxor for a total cash consideration of €825m, having entered into exclusive negotiations with parent group Société Générale.

The acquisition, which could also cost the French asset manager €755m excluding excess capital, would turn Amundi into Europe's largest ETF provider with combines AUM of €142bn and a 14% market share.

Related articles

  • Amundi CEO Perrier steps down as firm reports highest-ever profit in Q4
  • Amundi names new head of ETF client relationships for Iberia
  • Amundi targets ETF market with UK range
  • Lyxor AM appoints ETF specialist to Iberian business

Amundi said the acquisition of Lyxor, which with €77bn in AUM is the third largest player in Europe's ETF market with a 7.4% market share, would provide the combined business with "a diversified profile in terms of client base and geography".

"[the acquisition of Lyxor] will accelerate the development of Amundi, as it will reinforce our expertise, namely in ETF and alternative asset management, and allows us to welcome highly recognised teams of people."

The French asset manager also noted that the acquisition would allow Amundi to "accelerate its development" within the ETF market and complement its active offering, particularly within liquid alternative assets as well as advisory solutions.

Based on a €755m figure, the deal would create an estimated enterprise value representing a price-to-earnings 2021 multiple of around 10x, including run-rate cost synergies.

Amundi said it would see a return on investment worth more than 10% in year three after completion, including run-rate cost synergies.

The transaction is expected to be completed by February 2022 at the latest, subject to receiving the required regulatory and anti-trust approvals.

Yves Perrier, CEO of Amundi, said the acquisition of Lyxor "will accelerate the development of Amundi, as it will reinforce our expertise, namely in ETF and alternative asset management, and allows us to welcome highly recognised teams of people".

"This acquisition is fully in line with the Crédit Agricole group's reinforcement strategy in the asset gathering business," he added. "It will also further reinforce the business relationships with our historical partner Société Générale.

"Finally, by creating in France the European leader in passive asset management, it will contribute to the post-Brexit positioning of the Paris financial centre".

Deputy CEO of Amundi Valérie Baudson said: "The combinations of our strengths will allow us to accelerate our development in the ETF, alternative asset management and the investments solutions segments."

First published by our sister title Investment Week

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • M&As
  • Funds
  • Lyxor
  • Amundi
  • ETFS

More on M&As

Jersey fund withdraws takeover bid after Tavistock rallies opposition

  • M&As
  • 21 April 2021
Nasdaq Dubai to list Middle East's first Bitcoin Fund

  • Cryptocurrencies
  • 21 April 2021
M&G to reopen property fund after 17-month suspension

  • Funds
  • 20 April 2021
Canaccord Genuity acquires Adam & Co IM in £54m deal

  • M&As
  • 16 April 2021
Terry Smith gets bumper £30m pay as Fundsmith profits leap 84%

  • Funds
  • 14 April 2021
Back to Top

Most read

Two-thirds of retirees 'risk' running pension pots dry
Two-thirds of retirees 'risk' running pension pots dry
Dogecoin warning as Bank of England sets up digital currency taskforce
Dogecoin warning as Bank of England sets up digital currency taskforce
Pension lifetime allowance warning for clients with £500k already invested
Pension lifetime allowance warning for clients with £500k already invested
Singapore businessman Ng Yu Zhi faces more charges over alleged $740bn fraud
Singapore businessman Ng Yu Zhi faces more charges over alleged $740bn fraud
UK's HMRC extends deadline for 'one of the biggest tasks facing advisers'
UK's HMRC extends deadline for 'one of the biggest tasks facing advisers'
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading