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June 27, 2018

Natixis to snap up credit manager MV Credit

Natixis Investment Managers has agreed to buy MV Credit, a UK-based credit specialist focussed on upper-midcap private debt.

Founded in 2000, MV Credit has till date invested €5bn in more than 500 debt financing deals.

The acquisition will offer investors access to private equity, private debt, real estate, and infrastructure strategies, Natixis said.

MV Credit will join Natixis as a fully autonomous affiliate, while utilising Natixis’ distribution network.

MV Credit’s brand, employees and investment strategies will also be retained and the business will continue to be headed by its existing management team.

MV Credit CEO Frederic Nadal said: “The multi-affiliate model offers tremendous growth opportunities, allowing us to access a truly global distribution network and the support of a large financial services group while retaining our full autonomy and our singular focus on maximising returns for our investors.”

The deal, whose financial terms were not disclosed, is subject to regulatory approval. Natixis expects the deal to have an impact of around 10 basis points on its CET1 ratio.

Natixis Investment Managers CEO Jean Raby said: “The combination of MV Credit’s proven track record, experienced management team, and strong expertise in subordinated and senior debts will make a substantial contribution to our European real assets range.

“MV Credit’s entrepreneurial mind-set and highly-active investment approach will fit perfectly within our multi-affiliate model and provide our investors access to a unique new range of private debt strategies.”

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