Andera forges strategic alliance with New York Life Investments
Deal News | Dec 12, 2024 | Andera Partners
Andera Partners, a notable European investment firm focusing on private equity and venture capital, has announced plans to enter a strategic partnership with New York Life Investments. Through its global affiliate network, New York Life Investments will acquire a 40% minority stake in Andera. The union is intended to bolster New York Life's alternative investment capabilities while providing Andera the chance to widen its private capital strategies across Europe and the globe, aided by Candriam's and New York Life's comprehensive distribution network and resources. Together, they are set to cater to the amplified demand for private market assets. The deal, expected to close in the first half of 2025, is undergone regulatory conditions. Although the financial intricacies remain undisclosed, it underscores the partners' mutual ambitions to foster growth and sustainability, particularly within European SMEs, medical innovation, and energy transition sectors.
Sectors
- Private Equity
- Asset Management
- Venture Capital
Geography
- United States – New York Life Investments, headquartered in the United States, is a primary participant in the partnership.
- Europe – Andera Partners, based in Europe, exemplifies the geographic focus of the transaction and business expansion.
Industry
- Private Equity – Andera Partners is an investment firm focused on private equity investments, aligning it with the private equity sector.
- Asset Management – New York Life Investments operates globally as an asset management firm, with expertise in diversifying investments.
- Venture Capital – Andera Partners is involved in life sciences venture capital, which pertains to this industry.
Financials
- 40% – The interest that New York Life Investments will acquire in Andera Partners.
- $750 billion – Assets under management by New York Life Investments as of September 30, 2024.
- EUR 4.3 billion – Assets managed by Andera Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Andera Partners | Target Company | Company | A leading European investment firm managing over EUR 4.3 billion and specializing in diverse private equity and venture capital investments. |
| New York Life Investments | Bidding Company | Company | A global asset management firm managing $750 billion, acquiring a minority interest to bolster its alternative investment offerings. |
| Candriam | Other Participant | Company | A European affiliate of New York Life Investments, playing a part in the strategic partnership to expand investment solutions. |