La Française Group
La Française Group: La Française announces closing of Veritas Group acquisition
DGAP-News: La Française Group / Key word(s): Funds/Takeover 18. March 2019 Press release La Française announces closing of Veritas Group acquisition La Française, a multi-expertise asset management firm with total assets under management in excess of EUR65 billion, is pleased to announce that the acquisition of Veritas Group has been approved by the German Federal Financial Supervisory Authority (BaFin). In Europe, La Française now has investment teams located in Frankfurt and Hamburg – in addition to Paris – that provide securities and real estate asset management services. Veritas Investment GmbH, as a fully integrated entity of La Française, is rebranded La Française Asset Management GmbH, and Veritas Institutional, as an affiliate of the group, maintains its current identity. “With this acquisition we have reached a turning point. Today, La Française has two domestic markets, France and Germany, the latter represents close to EUR8 billion in assets (as at 31/12/18) and 12% of total group assets under management,” says Patrick Rivière, Managing Director of La Française. In Germany, La Française now has 48 professionals (portfolio management, real estate investment, back-office, administration, client services, communication, marketing and sales) and three investment centers servicing three market segments:
The group’s product line has been enhanced with 11 additional securities funds. “La Française now has three asset management centers in Germany. The new quantitative investment capabilities of the Hamburg and Frankfurt based investment teams complement well our existing range of investment solutions and will be made accessible to investors worldwide,” emphasizes Patrick Rivière, Managing Director of La Française. The Risk@Work method developed by the investment team in Hamburg will play a particularly important role with the institutional client segment. The innovative risk management tool enables institutional clients to control and manage risk more efficiently in times of falling markets. “We are observing a growing demand from international clients to manage the portfolio risk efficiently and reliably. With the Risk@Work method we can now offer an innovative solutions that can enable institutional investors across Europe to benefit from lower capital requirements,” concludes Patrick Rivière, Managing Director of La Française. In addition, La Française, the 21st largest real estate asset manager in Europe (Source: Institutional Real Estate, Inc., Global Investment Managers 2018, August 2018), offers a wide range of real estate investment solutions to investors across the globe. With its Frankfurt based team of 12, La Française has been active on the German real estate market since 2015. About La Française For forty years, La Française has been developing core competencies in third party asset management.
Issued by La Française AM Finance Services, home office 128 boulevard Raspail, 75006 Paris, France, regulated by the “Autorité de Contrôle Prudentiel” as investment services provider under the number 18673 X, affiliate of La Française.
18.03.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |