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December 6, 2018

Generali takes over alternative asset manager CM Investment Solutions

Italian insurer and asset manager Generali Group has acquired CM Investment Solutions (CMISL), a provider of alternative UCITS strategies, from Bank of America Merrill Lynch.

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How attractive are current investment opportunities in Europe?

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Under the agreement, CMISL will be 100% owned by Generali Investments.

The acquired entity, which managed more than $11bn in assets at the end of September 2018, will be run autonomously. It will also retain its existing London base.

Generali said that the acquisition will facilitate its product offering and distribution capabilities.

The deal, whose financial terms were not revealed, forms part of Generali’s strategy to become a multi-boutique asset manager.

Generali Investments Partners CEO Carlo Trabattoni said: “The acquisition of CM Investment Solutions Limited is an important step ahead in shaping our multiboutique strategy, as their undisputed expertise in the delivery of liquid UCITS funds and other bespoke strategies gives us the opportunity to offer a selection of top quality alternative products to our clients.”

Just this week, Generali subsidiary Banca Generali agreed to buy 90.1% of Swiss wealth manager Valuer Fiduciaria.

Earlier this year, Generali started exclusive talks to buy a majority stake in France’s Sycomore Asset Management and also announced the acquisition of Polish asset manager Union Investment TFI.

CMISL CEO Philippe Lopategui said: “This partnership will enable CMISL to invest in infrastructure and resources, further attract the very best investment managers in the liquid and illiquid alternatives space and deliver tailor made investment solutions to our investors.”

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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