French fund boutique Haas Gestion is to merge with life-insurance contractor Nortia and its private wealth management subsidiary, Nortia Invest, the group has announced.
The three firms will unite as one company under the brand DLPK. Under the new structure, DLPK will oversee a combined total of €4.5 billion in assets.
The new firm DLPK will be 34% owned by private equity group BlackFin Capital Partners, which focusses on investing in asset-light businesses in the financial sector across continental Europe.
DLPK will be chaired by Vincent Dubois, who is the CEO of Haas Gestion and Nortia.
Commenting on the new developments, Dubois said: 'We have strong ambitions of development and diversification for the coming years.
'The entry into the capital of an investor like BlackFin allows us to consolidate the group’s various entities in a sustainable way, to generate operational synergies and to seize external growth opportunities.'
Haas Gestion was established in the early 1980s as an independent asset management company and has since launched a range of seven funds.
Nortia provides life insurance and capitalisation contracts and securities accounts while Nortia Invest is an independent investment advisory firm.