On March 14th, BlackFin Capital Partners has completed the divestment to Bridgepoint of its stake in Primonial, one of France’s leading independent asset and wealth management firm. Thanks to product innovation and strong distribution capabilities, assets under management have grown over 35% per annum in the last 3 years to reach €17bn. Primonial has now set a new strategic plan aiming to reach €30bn assets under management by 2021 through the strengthening of its positions in France and the development of a European investment and collection platform. After the transaction, Bridgepoint now owns a 52.5% stake in the group, Crédit Mutuel Arkea 35% and the management 12.5%.
Congratulations to the management team of Primonial – André Camo, Stéphane Vidal, Laurent Flechet and Valery Bordes – and the entire company staff for this great success.