Natixis advised on IML acquisition

Natixis advised on IML acquisition

09 October 2017 By Tom Lodewyke
Merge, acquire, Natixis Global Asset Management, Investors Mutual Limited

Natixis Global Asset Management has acquired a majority stake in Investors Mutual Limited.

Firms: W Advisers (Investors Mutual Limited); Johnson Winter & Slattery (Natixis Global Asset Management); Norton Gledhill (Pacific Current Group)

Deal: Natixis acquired a majority stake in Investors Mutual Limited (IML).

Value: Up to $155 million


Area: M&A

Key players: W Advisers principal Mark Wilson and paralegal Sara Heckhoff advised IML and its founder Anton Tagliaferro.

Johnson Winter & Slattery partner Jeremy Davis and senior associate Isabella Bosworth advised Natixis.

Norton Gledhill principals Hugh Scales and Alasdair McLean advised Pacific Current Group (PAC).

Deal significance: France-headquartered listed investment group Natixis acquired a 51.9 per cent stake in Australian equity manager IML.


The sale comprised a 40 per cent stake from PAC and an 11.9 per cent stake from Mr Tagliaferro.

Natixis paid up to $155 million for the majority stake.

IML, which has assets under management of $9.1 billion, will become an affiliate of Natixis Global Asset Management under the deal. Natixis said there would be no changes to IML’s management or day-to-day operations.

“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 Natixis chief executive Jean Raby.

“IML has a strong track record as one of Australia’s most consistently performing fund managers, and its commitment to investors and reputation in the market will make a significant contribution to the Natixis Global Asset Management multi-affiliate model.”

Mr Tagliaferro said, “We welcome Natixis Global Asset Management, one of the world’s leading asset managers, as a supportive, long-term shareholder and business partner, and we look forward to providing Natixis Global Asset Management with expertise in Australian equities.”

Natixis advised on IML acquisition
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