Natixis develops its M&A Advisory activity in Spain: contemplated acquisition of 360 Corporate
Natixis announces that it has entered into exclusive negotiations with 360 Corporate Finance, S.A. ("360 Corporate" or the "Company") shareholders for the Acquisition project* of the Company. The current 360 Corporate management would hold a minority stake alongside Natixis post-transaction.
360 Corporate is a firm established in 2002, specialized in midcap M&A especially with private equity funds in Spain. The team, led by Daniel Escondrillas and Antonio Molina Franquelo and consisting of 9 investment bankers, has advised on more than fifty transactions since its inception.
This acquisition would fit into the strategic New Frontier plan, developing Natixis advisory positioning and contributing to deepening the strategic dialogue with the Wholesale Banking customers located in the Iberian Peninsula.
Following the acquisition of Leonardo & Co France in May 2015, since renamed Natixis Partners, the acquisition of 360 Corporate activities, which would become Natixis Partners Spain, would thus allow Natixis to continue developing outside France Natixis Partners offer.
360 Corporate, located Hermosilla 31, 28001 Madrid, Spain is an independent M&A advisory firm. The company is renowned for its expertise, in particular on advisory mandates with private equity funds, with whom the team has completed c.30 transactions since its inception.
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About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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