Natixis Global acquires Gateway Investments

Natixis Global Asset Management of Boston has acquired Gateway Investments Advisers, a Cincinnati-based investment manager with $7.9 billion in assets under management.
The acquisition included the Gateway Fund (GATEX) as well as a range of subadvised and private accounts. Natixis announced that the Gateway Fund will become part of the Natixis Funds family, but will retain the same name, investment strategy and portfolio management.
In keeping with the Natixis multi-boutique business model, Gateway will continue to operate autonomously. The firm will retain its brand name and its headquarters, and its investment team will remain in place.
Merrill Lynch & Co. of New York represented Natixis in the acquisition. Gateway was represented by Mitchell Advisers of Atlanta. The transaction terms were not disclosed.
With headquarters in Paris and Boston, Natixis Global Asset Management had $869 billion in assets under management as of Dec. 31.

Related Topics: Mergers and Acquisitions, Separately Managed Accounts (SMAs), Wealth Management