About the transaction
BIL Corporate Finance Acts as Coordinator & Mandated Lead Arranger to participate in financing the Acquisition of Lemanik Asset Management
While the acquisition of Lemanik was mainly financed by equity from its new shareholder, Banque Internationale à Luxembourg (BIL) Corporate Finance successfully arranged a debt financing after being mandated as lead arranger, coordinator, agent and acted as co-arranger & lender with Banque et Caisse d'Épargne de l'État (BCEE) to complete the financing.
Lemanik AM manages over €30bn in assets and provides services to small and mid-sized asset managers from 25 countries across Europe, Asia, North America, Latin America and Middle East. With a proven track-record as investor in asset servicing and third-party management companies, BlackFin will support Lemanik AM in developing its value proposition for small and mid-sized asset managers as an independent provider. Lemanik AM will also consider acquisitions of other management companies and specialized divisions of asset managers and banks to create a market leader.
Sophie Catala & Aloysius von Mitschke-Collande of BlackFin stated: “We are delighted to have the support of Banque Internationale à Luxembourg (BIL) and Banque et Caisse d'Épargne de l'État (BCEE), two leading banks in Luxembourg, for our acquisition of Lemanik AM. We look forward to collaborating with Lemanik AM's management to accelerate the company's growth.”
Frédéric Cassani & Haofeng Lu, of BIL Corporate Finance added: "We are very proud to support a leading European private equity firm in its acquisition of a significant local ManCo & asset servicing company in Luxembourg. Thanks to this landmark transaction we are gaining more expertise in the FIG sector in a context of consolidation in Luxembourg and in Europe. It was a pleasure to advise and collaborate closely with our partners at BlackFin and BCEE.”
About BIL Corporate Finance
BIL Corporate Finance delivers a unique offer combining lending and financial advisory services dedicated to entrepreneurs, corporates and asset managers to support their strategic transactions.
A team of pan-European corporate finance experts provide tailor-made solutions across the capital structure (senior-junior debt, quasi-equity, equity) from Luxembourg and Switzerland in various projects, sectors and geographies (Benelux, Switzerland, France, Germany and Greater China).
About BlackFin Capital Partners
BlackFin is the leading private equity platform dedicated to financial services companies in Europe with over €4bn assets under management. Founded in 2009, BlackFin is an independent firm led by nine partners who have worked together as managers and entrepreneurs in the financial industry for decades. The team has c.50 professionals across offices in Paris, Frankfurt, Amsterdam, Brussels and London. The firm’s strategy focuses primarily on asset-light businesses, where BlackFin operates as an active and influential investor, supporting successful management teams to take their businesses to the next level. BlackFin is regulated by France’s Autorité des Marchés Financiers.
For further information, please visit www.blackfin.com
