Meeschaert Group acquired by LFPI

Paris-headquartered LFPI has bought local boutique Meeschaert Group for an undisclosed sum.

The deal closed on 1 April, following regulatory approval from the relevant French authorities.

It takes headcount at the multi-strategy alternative asset manager to nearly 300 employees and will see the combined firms manage more than €12bn on behalf of clients.

LFPI has a presence in six European countries and the US.

According to a press release, written in French, the acquisition of Meeschaert Group is part of LFPI’s plan to “develop across all classes of listed and unlisted assets, thus offering a wide range of opportunities and innovations”.

Kirsten Hastings

Kirsten is international editor of Expert Investor and International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October...