Catella acquires 60% of Aquila Group
Catella has announced that they have signed an agreement to acquire 60% of the shares in Aquila Asset Management SAS (Aquila Group) for EUR 9.6m (SEK ~111m). Aquila Group is a French company, consisting of both Aquila Asset Management, founded in 2010, and the real estate investment fund management company Axipit Real Estate Partners, founded in 2021. The company offers solutions to both professional and retail investors. The acquisition adds EUR 1.4bn (SEK ~16.2bn) in AuM and the acquisition is financed by Catella’s own capital. The shares are acquired from local management who will remain minority shareholders. The sellers can be entitled to an additional EUR 1m (SEK ~11.6m) if specific criterias are met. The transaction is subject to regulatory approval, and expected to close during H2’23.