Natixis expands its footprint in M&A advisory to midcap corporates and financial sponsors: contemplated acquisition of Leonardo & Co.’s activities in France
Natixis announced that it has entered into exclusive negotiations with Italian banking group Banca Leonardo for the contemplated acquisition* of Leonardo & Co SAS (“Leonardo France”). Leonardo France current management team would partner with Natixis to acquire the company.
Leonardo France is a leading player in M&A advisory to midcap corporates and financial sponsors in France. The team of 25 investment bankers led by Patrick Maurel advises on over thirty transactions each year.
The company would become Natixis entity dedicated to M&A advisory to midcap corporates and financial sponsors.
The acquisition of Leonardo France would enable Natixis to strengthen its position as a reference player for the French midcap sector, in both financing and M&A, and thus to reach a significant milestone in the execution of the New Frontier plan.
The transaction would also contribute to enhance the strategic dialog with Wholesale Banking clients and generate additional synergy potential with Groupe BPCE networks.
Leonardo & Co SAS, located 32 rue de Lisbonne, 75008 Paris, is an independent M&A advisory firm. As of December 31st 2014, the team includes 25 investment banking professionals including 7 Managing Directors. The company is renowned for its expertise, in particular on sell side mandates, and benefits from a strong visibility with over 30 transactions advised each year.
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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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