AMUNDI, the leading European asset manager, and CACEIS, the asset servicing banking group of Crédit Agricole and Santander, announced the strengthening of their strategic agreement to accelerate the development of Fund Channel, the B-2-B fund distribution platform.
CACEIS will purchase 33.33% of Fund Channel’s share capital while AMUNDI remains the majority shareholder.
Fund Channel is the fourth-largest European B-2-B fund platform, highly-rated by Platforum for its quality of service. It offers access to over 600 fund managers and connects with more than 100 distributors in Europe and Asia.
The closing of the transaction is expected to be completed by the end of 2022, subject to prior approval of the relevant regulatory authorities.
Clifford Chance advised AMUNDI and CACEIS on this transaction with a team composed of Mathieu Remy, partner, Adeline Nayagom and Camille Léger, associates. Christian Kremer, partner, Udo Prinz, counsel, Louis Mamère, senior advisor, and Aude Martincourt, associate (Luxembourg), also advised on the transaction.
