Generali and Natixis Investment Managers have announced a strategic partnership to establish a new asset management company, NewCo, creating one of Europe's largest asset management entities with significant growth potential.

Information on the Target

On January 21, 2025, Generali announced a strategic partnership with Natixis Investment Managers (Natixis IM) and its parent company, Groupe des Banques Populaires et des Caisses d'Epargne (BPCE). This collaboration marks the establishment of a new entity, referred to as "NewCo", which will consolidate the asset management operations of Generali Investments Holding and Natixis IM. With approximately €1.9 trillion in assets under management, NewCo will rank as the ninth largest asset manager globally and lead the European market with €4.1 billion in revenues.

Under this joint governance structure, both Generali and BPCE will each hold a 50% stake in the firm, which will operate with equal representation and control. Generali Investments Holding will contribute assets exceeding €600 billion, while BPCE will contribute over €1.3 trillion in assets. The aim is to create a European leader in asset management with significant growth potential in the US and Asia, particularly focusing on managing insurance clients’ assets.

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The asset management industry in Italy has shown resilient growth underpinned by a strong demand for diversified investment products. This sector has been buoyed by both retail and institutional investors seeking sophisticated strate