French investment bank Natixis has agreed to acquire stakes in M&A boutiques Fenchurch Advisory Partners in the UK, Vermilion Partners in China, and Clipperton in France.
Natixis will purchase a 51% stake in Fenchurch Advisory Partners, which offers insurance, asset and wealth management and specialty finance services. The British firm will continue to be managed by its existing partners.
Natixis will acquire a majority stake in Vermilion Partners, which facilitates cross-border transactions between China and the rest of the world.
Vermilion Partners, which has offices in Beijing, Shanghai, Shenzhen, London and Munich, will also retain its existing management team.
Natixis, through its affiliate Natixis Partners, will also acquire a minority stake in Clipperton that focuses in high-growth technology.
Natixis expects the three deals to impact its CET1 ratio by nearly eight basis points. Financial terms of the deals were not disclosed.
Natixis senior management committee member and global head of corporate and investment banking Marc Vincent said: “These strategic investments are a key milestone in the implementation of the New Dimension plan and in the development of Natixis.
“Our unique multi-affiliate M&A advisory model has proved its worth, allowing us to expand our advisory capabilities by combining with firms with very specific areas of expertise.
“The acquisition of key expertise in Financial Services, China and European Tech is complementary to our existing franchise and will strongly enhance our strategic dialogue with clients.”