Natixis acquired McDonnell Investment Management, the Oak Brook, Illinois-based investment advisor with approximately $13.5 billion in assets under management, the company said today in a press release.
The acquisition expands the company’s offering for investors seeking exposure to core fixed income and municipal bond products. Natixis said in the press release that it plans to launch new municipal bond product in early 2013.
McDonnell is a registered investment advisor providing investment management services to institutions, private clients and mutual fund companies. The firm is known for its expertise and specialization in fixed income investment management, offering customized portfolio solutions employing investment grade taxable and tax-exempt strategies to a geographically diversified client base through investment management consultants and participation on separately managed account platforms.
The firm sub-advises three municipal bond funds and offers one private investment fund with an international bond mandate.
"With this partnership, McDonnell gains greater access to the capital required to continue to serve our clients, build our business and to pursue new product opportunities," said Edward Treichel, President and CEO at McDonnell. We will also have access to a broader distribution base and enhanced growth potential as a result of this affiliation."
McDonnell will operate autonomously with no change in management or professional staff. McDonnell will also retain its brand name and its suburban Chicago headquarters. Transaction terms were not disclosed.