Latour Capital: AXA IM Prime and Patria to Accelerate Growth with Minority Stake
Deal News | Jan 22, 2025 | AXA Investment Managers UK Ltd
AXA IM Prime and Patria Investments have entered into an agreement to each acquire approximately 15% equity stakes in Latour Capital, a European investment firm with a focus on mid-cap private equity. The investment seeks to support Latour's growth and development by leveraging the extensive resources and expertise provided by both AXA IM Prime and Patria Investments. Latour Capital, with assets under management exceeding €4 billion and established in 2011, is known for its entrepreneurial spirit and operational expertise. This collaboration aligns with Latour's ESG-focused investment strategy and is expected to be finalized in the coming months, pending regulatory approval. The transaction underscores the strategic alignment among the parties involved and reflects their confidence in Latour's ability to generate sustainable value for its clients.
Sectors
- Private Equity
- Asset Management
Geography
- France – Latour Capital is an independent French asset management company.
- United Kingdom – AXA Investment Managers UK Ltd. is involved in the transaction.
- Global – Patria Investments operates globally, with a presence in Europe, Latin America, and the United States.
Industry
- Private Equity – This is the main industry involved in the transaction, with Latour Capital, AXA IM Prime, and Patria Investments all operating within this sector.
- Asset Management – Latour Capital, AXA IM Prime, and Patria Investments are in the asset management industry, as indicated by their descriptions and roles in the transaction.
Financials
- 15% – The equity stake each for AXA IM Prime and Patria Investments in Latour Capital.
- €4 billion – Total assets under management by Latour Capital.
- €1.2 billion – Assets under management for Latour’s fourth vintage fund.
- €40 billion – AXA IM Prime's assets under management across private markets.
- US$12 billion – Assets under management for Patria GPMS.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Latour Capital | Target Company | Company | A leading investment firm specializing in European mid-cap private equity with over €4 billion of AUM. |
| AXA IM Prime | Bidding Company | Company | The private markets platform of AXA IM, with approximately €40 billion of AUM across all private markets. |
| Patria Investments | Bidding Company | Company | A leading alternative investment firm with over $40 billion in assets under management, focusing on private equity and other sectors. |
| AXA Investment Managers | Parent Company of AXA IM Prime | Company | A global asset manager with approximately €869 billion in assets under management. |