<article>Asset manager<a style="color: #000080;" href="https://www.unigestion.com/" target="_blank"> Unigestion</a> will acquire Zurich-based private equity boutique<a style="color: #000080;" href="http://www.akinapartners.com/" target="_blank"> Akina</a> to create worth $6 billion global small and mid market private equity business, the two companies announced in a joint statement on Wednesday.</article>

Asset manager<a style="color: #000080;" href="https://www.unigestion.com/" target="_blank"> Unigestion</a> will acquire Zurich-based private equity boutique<a style="color: #000080;" href="http://www.akinapartners.com/" target="_blank"> Akina</a> to create worth $6 billion global small and mid market private equity business, the two companies announced in a joint statement on Wednesday.
Founded in 1998, Akina currently manages $2.6 billion on behalf of a broad range of institutional investors and family offices. Its clients are primarily based in Europe and the United States, complemented by some important accounts in the Middle East and Australasia.
The two private equity investment teams will blend into one strong group, benefiting from each other’s talent, insights and expertise. Christophe de Dardel, Unigestion’s head of private equity and member of the executive committee will continue in his current role, leading Unigestion’s enhanced Private Equity team, the statement added.
Besides, the new business will have 54 dedicated professionals located in Geneva, Zurich, London, New York and Singapore. Financial terms of the deal were not disclosed.
Bernard Sabrier, Chairman of Unigestion, said, &#8220;This is an important strategic milestone in the development of Unigestion’s private equity business. It demonstrates our commitment to continually adapt our business to provide our investors with the best investment opportunities.&#8221;
Following completion, Unigestion’s total assets under management will increase to more than $23 billion, of which private equity will represent 25%, making it the second largest pillar of its investment offering, alongside equities, alternatives and multi asset.
Akina’s renowned expertise in identifying investment opportunities in European markets through a high conviction top-down/bottom-up investment process complements Unigestion’s global reach and risk management expertise, the statement said.
As per the terms of the deal, the combined business will trade under the Unigestion name.There will be no change to the investment strategy of existing products of either Unigestion or Akina, but there will be cross-representation on the two private equity investment committees.
Unigestion was advised by Fenchurch Advisory Partners on this transaction.
The completion of the transaction is subject to the customary regulatory approvals in the jurisdictions where the group operates.
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Asset manager Unigestion will acquire Zurich-based private equity boutique Akina to create a $6 billion global small and mid market private equity business. 

Unigestion acquires Akina to establish $6b small & mid market PE business

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