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October 22, 2021

Cardano Group to buy Dutch sustainable investment manager ACTIAM

By Verdict Staff

The Cardano Group has acquired acquire Dutch sustainable investment manager ACTIAM from Athora Netherlands for an undisclosed amount.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
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by GlobalData
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The transaction is expected to close in the first quarter of next year, subject to regulatory approvals.

ACTIAM, which manages £18.5bn in assets, caters to investors including insurance companies, pension funds, banks, and distribution partners.

Said to be a ‘pure-play’ sustainable asset manager, the firm’s investment approach includes support of the climate transition.

The firm also specialises in impact investing, especially in microfinance and SME finance. It launched its first impact investment fund in 2007.

The addition of ACTIAM is expected to scale up Cardano’s capabilities within investment funds, corporate sustainability analysis and ESG advice.

Cardano Group CEO Michael de Lathauwer said: “ACTIAM’s approach is completely aligned with our own in this regard and we are delighted to welcome the ACTIAM team to the Cardano Group.

“As we start to work with our new colleagues, we look forward to introducing our pension fund and investment clients in the Netherlands and the UK to our broadened advisory and asset management proposition with ESG at its heart.”

Under the terms of the purchase, Cardano will enter into a ten-year strategic partnership with Athora Netherlands to manage approximately £13bn of assets.

The firm will continue to provide ACTIAM’S sustainable investment capabilities to Athora Netherlands’ differentiated product offering.

Athora Netherlands CEO Jan de Pooter commented: “We are pleased to have agreed on a ten-year partnership.

“In Cardano we see the ideal new owner for ACTIAM as we can leverage on the combined knowledge in the field of pensions, it will enhance the service and product offering to our customers and it is an excellent new home for the employees of ACTIAM.”

Following completion of the acquisition, Cardano will manage over £50bn of assets. It will have a workforce of over 500 people in the UK and the Netherlands across its advisory, investment management and DC businesses.

In June this year, JPMorgan agreed to buy San Francisco-based values-based investing expert OpenInvest for an undisclosed amount.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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