BNP’s Bonnafe Bets Big on Alternatives With €5 Billion Axa Deal

Aug 2, 2024  · BNP Paribas SA ’s Jean-Laurent Bonnafe built a reputation as reluctant dealmaker in more than 12 years at the helm. Now he’s willing to bet €5.1 billion ($5.5 billion) that …


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BNP’s Bonnafe Bets Big On Alternatives With €5 Billion Axa Deal

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Aug 2, 2024  · BNP Paribas SA ’s Jean-Laurent Bonnafe built a reputation as reluctant dealmaker in more than 12 years at the helm. Now he’s willing to bet €5.1 billion ($5.5 billion) that …

bloomberglaw.com

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BNP Paribas Swoop On AXA Fund Business Fuels Hopes For More …

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Aug 2, 2024  · The French bank revealed on Thursday it was in exclusive negotiations to buy AXA Investment Managers for more than 5 billion euros ($5.5 billion), creating one of Europe's …

reuters.com

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BNP In Talks To Buy Axa Investment Managers In 5.1 Billion Euro Deal

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Aug 2, 2024  · BNP Paribas is in exclusive talks with Axa to buy the insurer’s asset management unit for 5.1 billion euros (S$7.34 billion), a move that will create one of Europe’s largest money …

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BNP Paribas In Talks To Buy Axa’s Asset Management Arm For €5.1bn

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Aug 1, 2024  · Under the anticipated terms of the deal with BNP, the insurer would receive cash proceeds of €5.1bn for its investment management arm, plus €0.3bn for the linked sale of …

ft.com

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BNP Paribas-Axa IM: Bonnafé’s Biggest Acquisition Won

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Aug 2, 2024  · At €5.1 billion in cash, buying Axa IM would be Jean-Laurent Bonnafé’s biggest acquisition by far since he took over as chief executive of BNPP in 2011. It is characteristic of …

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BNP In Talks To Create Asset Management Titan - Investment News

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Aug 2, 2024  · BNP Paribas SA is in exclusive talks with Axa SA to buy the insurer’s asset management unit for €5.1 billion ($5.5 billion), a move that will create one of Europe’s largest …

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BNP In Talks To Buy Axa Asset Managers For $5.5B - ThinkAdvisor

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Aug 1, 2024  · BNP Paribas SA is in exclusive talks with Axa SA to buy the insurer's asset management unit for €5.1 billion ($5.5 billion), a move that will create one of Europe's largest …

thinkadvisor.com

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BNP Paribas In Exclusive Talks For $5.5 Billion Acquisition Of AXA IM

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Aug 1, 2024  · BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA for 5.1 billion euros ($5.52 billion) and reach a long-term partnership in asset …

morningstar.com

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BNP Paribas Could Become Europe's Largest Money Manager With …

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Aug 2, 2024  · BNP Paribas is in exclusive talks to acquire AXA Investment Managers for €5.1 billion ($5.5 billion).. Why it matters: The deal would create one of Europe's largest money …

axios.com

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BNP Paribas In Exclusive Talks For $5.52 Billion Deal For AXA's ...

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Aug 1, 2024  · BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA and reach a long-term partnership for 5.1 billion euros ($5.52 billion), in a deal …

morningstar.com

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BNP Paribas : Exclusive Negotiation With Axa For The Acquisition Of …

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Aug 1, 2024  · The BNP Paribas Group announces today that it has entered into exclusive negotiations with AXA to acquire 100% of AXA Investment Managers (AXA IM), representing …

yahoo.com

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BNP’s €5.1 Billion Axa Deal Is One Giant Bolt-On: Paul J. Davies

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Aug 2, 2024  · Now, it’s in exclusive talks to splash €5.1 billion ($5.5 billion) in one go on Axa SA’s investment-management arm. The deal fits BNP’s aim of expanding insurance and wealth …

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BNP’s €5.1 Billion Axa Deal Is One Monster Of A Bolt-On

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Aug 2, 2024  · BNP’s €5.1 Billion Axa Deal Is One Monster of a Bolt-On The French bank’s expansion in asset management makes strategic sense, but the financials are less than clear. …

bloomberg.com

FAQs about BNP’s Bonnafe Bets Big on Alternatives With €5 Billion Axa Deal Coupon?

Will BNP Paribas buy AXA Investment Managers?

BNP Paribas is in exclusive talks to acquire AXA Investment Managers for €5.1 billion ($5.5 billion). Why it matters: The deal would create one of Europe's largest money managers, with roughly €1.5 trillion in assets under management. ...

Is BNP acquiring AXA?

At BNP, only 8% of the €576 billion under management at its investment arm were in alternatives or other non-traditional asset as of June. At Axa, that share is more than 25%, with €227 billion in alternatives. A majority of the assets, however, that BNP is acquiring are managed for Axa’s insurance business. ...

How much will AXA & BNP Paribas invest in 2023?

The total estimated transaction value is expected to be Euro 5.4 billion, representing a multiple of 15x 2023 earnings. Under the terms of the proposed transaction, AXA and BNP Paribas would also enter into a long-term strategic partnership under which BNP Paribas would provide investment management services to AXA. ...

How much money will BNP invest in AXA?

Under the anticipated terms of the deal with BNP, the insurer would receive cash proceeds of €5.1bn for its investment management arm, plus €0.3bn for the linked sale of Select, an Axa unit providing fund services. ...

Is BNP's €5.1 billion AXA deal a bolt-on?

BNP’s €5.1 Billion Axa Deal Is One Monster of a Bolt-On - Bloomberg Skip to content Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support Bloomberg ...

Why did BNP Paribas join a strategic partnership with AXA?

The strategic partnership entered into with AXA, the cornerstone of this project, confirms the ability of both our groups to join forces. This major project, which would drive our growth over the long-term, would represent a powerful engine of growth for our Group.” said Jean-Laurent Bonnafé, Director and CEO, BNP Paribas. ...

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