Talence Gestion, an entrepreneurial portfolio management company based in Paris, Lille and Lyon, announces its acquisition by the Patrival group, an investment specialist.
Read the official Finaris Group press release here.
This transaction, subject to AMF approval, will enable the two asset management companies, Talence Gestion and Patrival, to create an independent leader in private asset management in France. The aim is to capitalize on the expertise of each of the two entities to provide private and institutional clients with increasingly high-performance asset management. The new entity will represent €1.8 billion in private assets under management and €500 million in collective assets under management, on behalf of 2,000 clients, supported by some 50 employees, including 24 asset managers, based in Paris and the Lille and Lyon metropolitan areas. It will be owned and managed by a large number of partners from both entities, with the support of the Finaris group. Subject to regulatory approval, the merger should be completed by the end of the third quarter of 2024.
Didier Demeestère, Chairman and Founder of Talence Gestion, comments: “I’m delighted to have found a partner like Patrival, who will perpetuate our corporate project and enable the ‘Talenciens’ team to pursue its mission to serve its customers. With this operation, the new group preserves its independence while strengthening its market position. Its young and ambitious management team shares my vision of the company and the conviction that employee shareholding is one of the keys to success.”
Vincent Ténière, CEO of Patrival and Chairman of the Finaris Group, adds: “This is a major strategic merger for Patrival and, more broadly, for the Finaris Group, which seems obvious to us today, given that the two companies share the same values. This operation will enable us to accelerate our development and create synergies thanks to our complementary expertise. Like the partners of Talence Gestion, we are committed to maintaining a dynamic entrepreneurial spirit, as well as a human-scale organization, in order to keep our customers at the heart of our concerns. Our capital independence, preserved by this merger, will enable us to offer our clients a rare freedom of choice in terms of the advice and management they receive. Our new critical mass will also enable us to invest in developing our expertise and acquiring new skills.
A propos de Talence Gestion
Founded in 2010 by Didier Demeestère and Régis Lefort, Talence Gestion is an entrepreneurial asset management company with offices in Paris, Lille and Lyon. Widely acclaimed for its expertise in private and collective asset management, Talence Gestion has established itself as a major player in its sector, having been voted a “must-know” independent asset management company by Décideurs Magazine for 5 consecutive years, and now boasts over 1.2 billion euros in assets under advice and management. A team of experts comprising 12 private asset managers, 4 fund managers and a wealth and tax engineering unit supports private and institutional clients in all matters relating to the management of their assets. Talence thus benefits from the advantages of a human-scale company close to its customers, while giving them access to a wide range of services and advice. Further information on Talence Gestion: www.talencegestion.fr
A propos de Patrival
Patrival is an entrepreneurial asset management company founded in Lille, France, and licensed by the AMF since 1990. The company manages and advises more than 1.1 billion euros in assets under management in its collective investment, discretionary management, financial investment advisory and insurance brokerage businesses. The company employs 18 people, half of whom are dedicated to managing and advising clients. Further information on Patrival: www.patrival.fr
A propos du groupe Finaris
Finaris, founded in 2019 by Valentin Bocqueret and Vincent Ténière, is an independent financial services group active in wealth management, structured product brokerage and asset management, wholly owned by its teams. More information on Finaris: www.finaris.fr
M&A advisor: Caurus Partners (Olivier Coenon, Charles Pétré)
Buyers’ legal counsel: Moncey Avocats (Frederic Pinet, Pierre Faure) / Joffe et Associés (Christophe Joffe, Antoine Lamy)
