BNP Paribas to acquire AXA IM, AXA VP's management buyout

Team S · 2024-08-02T07:11:47.000Z

AXA has announced two significant transactions 1. Sale of AXA Investment Managers to BNP Paribas: - AXA is in exclusive negotiations to sell its asset management arm, AXA Investment Managers, to BNP Paribas for €5.1 billion, with an additional €300 million from the sale of Select, totaling €5.4 billion. - This sale aligns with AXA's strategy to simplify its business model and focus on core insurance activities. - The transaction will create a leading European asset manager with €1.5 trillion in assets under management. 2. Management Buyout of AXA's Stake in AVP: - AXA has accepted an offer from AVP’s management team to acquire its 70% interest in AXA Venture Partners (AVP) through a management buyout. - AVP will become an independent firm, retaining its investment expertise and performance-driven culture, and will change its name post-transaction. - AVP, managing over €2 billion in assets, will continue to support high-growth technology companies and maintain its investment strategies.

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BNP Paribas to acquire AXA IM, AXA VP's management buyout | Newnex