Robeco and a group of executives of Finaltis SA have agreed on the terms of a management buy-out of Finaltis SA. Members of the management of Finaltis have agreed to acquire the shares of the minority shareholders, including those held by Robeco. Finaltis was established in 2001 and specializes in providing hedge fund solutions to professional investors.
Denis Beaudoin, CEO of Finaltis is pleased with the agreement. "Robeco has been very helpful in our early years, supplying both capital and expertise. Now the time has come for us to continue on our own. As before, we will focus on what we know best: structuring innovative hedge fund solutions, delivering appropriate legal and technical expertise and rigorously selecting top quality hedge fund managers."
Sander van Eijkern, managing director of Robeco Alternative Investments, adds: "Rotterdam will be the center of expertise on hedge fund products for all offices of Robeco in Europe from now on. This will lead to synergy benefits. However, Finaltis will continue to use Robeco's single-manager hedge-fund products for the benefit of its investors."
Pursuant to the terms of this agreement, Robeco, as well as certain other individual minority shareholders, have agreed to sell their minority stakes in Finaltis SA to the senior executives of Finaltis SA leading the management buy-out. In connection to this transaction new members of the supervisory board of Finaltis will be appointed to replace Robeco's representatives.
For Robeco, this operation reflects a streamlining of its product offering in alternative investments in general and fund of hedge funds products in particular. Currently Robeco manages in excess of EUR 9 billion in alternative investment products.
The management buy-out marks a new step in the development of Finaltis with 100% managerial control and a focus on providing investment professionals with high quality hedge fund products under its own brand. Finaltis will continue to allocate money to Transtrend, a CTA with a track record of over ten years and a Robeco subsidiary, thus perfectly matching with Finaltis top quality selection criteria.
About Robeco
Robeco provides discretionary asset management products and services, as well as a complete range of mutual funds to a large number of institutional and retail clients worldwide. Robeco's product range encompasses fixed-income and equity investments, as well as balanced accounts, money-market funds and alternative investments.
Robeco distributes its funds for the retail market directly, and through other financial institutions. Several of its mutual funds, including the flagship Robeco N.V., are listed on major European stock exchanges such as Amsterdam, Paris, Frankfurt and London.
As well as from its head office in Rotterdam, Robeco services its clients from its European offices in France, Belgium, Luxembourg, Switzerland, Germany and Spain. In the United States, Robeco has offices in New York, Chicago and San Francisco (Weiss, Peck & Greer), Boston (Boston Partners), White Plains (Sage Capital Management) and Toledo (Harbor Capital Advisors).
Robeco is the center for asset management with full operational independence within the Rabobank Group. The combination of the highest credit ratings from the major international rating agencies and the highest Sustainability Cluster Score within the banking sector reflects the high added value Rabobank has always offered its investors, members, clients and employees.
About Finaltis
Based in Paris, Finaltis was created in 2001 as an asset management company specialized in providing hedge fund solutions to professional investors. Finaltis offers advisory services in the field of hedge funds and manages ISE-listed hedge funds products. Finaltis is registered with the French regulatory authorities (Commission des Opérations de Bourse).
Finaltis focuses on structuring innovative hedge fund solutions, providing appropriate legal expertise and rigorously selecting top quality hedge fund managers.