Groupama Asset Management to Acquire INOCAP Gestion
21 OCT, 2024
Groupama Asset Management has signed an exclusive agreement to acquire 100% of INOCAP Gestion, a French independent asset management company founded in 2007. The acquisition, pending regulatory approval, covers INOCAP's activities in SRI-labelled French and European equity funds and private wealth management. The move will strengthen Groupama AM’s position in the wealth management advisor market, with the newly formed entity employing nearly 300 people across France, Italy, Spain, and Romania.
Strategic Alignment
Mirela Agache-Durand, Managing Director of Groupama Asset Management, stated that the acquisition will complement Groupama’s expertise in stock-picking management, both on a financial and extra-financial basis, while supporting its strategy of diversifying its client base.
This is an important transaction for our company. It will enable us to accelerate our strategy of diversifying into the wealth management advisor market. INOCAP Gestion shares our philosophy of stock-picking management on a financial and extra-financial basis. Their range of funds will complement our management expertise.
Mirela Agache - Durand, Managing Director of Groupama Asset Management.
A Shared Vision
Olivier Bourdelas, founder of INOCAP Gestion, expressed his satisfaction, highlighting the shared values and commitment to quality services, saying that "17 years of hard work and innovation" will culminate in a new chapter under Groupama AM's leadership.
This acquisition is a significant step forward for Groupama AM as it enhances its capabilities in European small and mid-cap equities and extends its reach into the wealth management market.
We share common values and together we will continue our useful, virtuous and committed action. The enthusiasm is overwhelming. We remain focused on the stock-picking of our fund managers and the high-quality service of our private managers. We will also be able to offer our Asset Management Partners the many complementary areas of expertise of Groupama Asset Management. Seventeen years of construction, with determination, passion and panache, in a constant search for differentiation and simplicity, are coming to an end with the start of this new adventure.
Olivier Bourdelas, founder of INOCAP Gestion
