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

Recent articles & video

Lander & Rogers launches workplace law elective at QUT

CE Family Law's Louise Hunter had an Erin Brockovich for a grandma

WFW picks up win at 2024 Australian ADR Awards

Three additions enhance G+T's partnership

American Bar Association releases guidance to prevent conflict with unretained clients

UK bar survey reveals one in five pupils face bullying and discrimination

Most Read Articles

Hamilton Locke partner transitions to Lander & Rogers

Global law firm Kirkland & Ellis advises on multi-billion-dollar merger in the natural gas sector

Two Australian lawyers ascend to partner in major HFW promotions round

ALRC releases anti-discrimination, religious educational institution law recommendations