Mergers & Acquisitions / Joint Ventures

Dexia in talks to sell asset management arm

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Private equity firm GCS Capital has entered into exclusive negotiations to buy Dexia Asset Management – which is one of the largest alternative UCITS fund managers in Europe.

The arm, which has offices in Brussels, Paris, Luxembourg and Sydney, was put up for sale following the bailout of its Franco-Belgian parent company in October 2011.

Building upon Dexia existing investment and distribution platforms, GCS aims to partner with the asset manager’s teams to develop new growth opportunities.

It will also seek to deepen the relations which Dexia has developed with its institutional and private clients, and particularly the well-established collaborations with