{"id":70151,"date":"2018-03-22T06:02:00","date_gmt":"2018-03-22T05:02:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/im-squaresecures-significant-financing-support-from-eurazeo-and-launchesits-us-distribution-platform\/"},"modified":"2018-03-22T06:02:00","modified_gmt":"2018-03-22T05:02:00","slug":"im-squaresecures-significant-financing-support-from-eurazeo-and-launchesits-us-distribution-platform","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/im-squaresecures-significant-financing-support-from-eurazeo-and-launchesits-us-distribution-platform\/","title":{"rendered":"iM Square\tsecures significant financing support from Eurazeo and launches\tits us distribution platform"},"content":{"rendered":"<p>Eurazeo\t is\t committed\t to\t support iM\t Square&#8217;s<br \/>\ninvestments\t over\t the\t next\t few\t years\t and\t is\t expected\t to become\t its\t reference\t shareholder. Other<br \/>\nfounding\tshareholder\tLe\tGroupe\tDassault\t\/\tLa\tMaison\twill\talso\tparticipate.\t<\/p>\n<ul>\n<li> iM\t Square announces its\trenewed\t objective\t to\t invest\t with\t current\t and\t future\t shareholders<br \/>\nover\t$500\tmillion\twithin\t2\tto\t4\tyears<\/li>\n<\/ul>\n<ul>\n<li>  iM Square\tannounces\tthe\tlaunch iM\tGlobal\tPartner\tUS, its\tnew\tAmerican\tdistribution\tplatform<\/li>\n<\/ul>\n<p>This\t new\t commitment will\t enable\t iM\t Square\t to\t acquire 3\t to\t 6\t additional participations\t in<br \/>\nentrepreneurial\t active\t asset\t managers with $1\t to\t 20\t billion\t of\t AUM,\t high\t growth\t potential\t and<br \/>\ncomplementary\t strategies,\tsuch\tas\talternative\tmanagement.\tMost\tof\t the targeted asset\tmanagers\tare<br \/>\nbased\t in\t the\t US\t and\t Europe.\t In\t additional\t to\t permanent\t capital,\t iM\t Square\t also\t brings\t financial\t and<br \/>\noperational\tsupport as\twell\tas\tbespoke\tinvestment\tand\t\tdistribution\tcapabilities to\tits\tpartners,\twhich<br \/>\nmakes\tiM\tSquare\u2019s model\tunique\tin\tEurope.<\/p>\n<p>Since\t 2015,\t iM Square\t has\t successfully acquired\t minority\t stakes\t in\t two\t US\t asset\t management<br \/>\ncompanies:\t Polen\t Capital,\t an\t independent management\t firm\t specialised\t in\t growth\tstocks and\t Dolan<br \/>\nMcEniry\tCapital,\tspecialised\tin\tUS\tcorporate\tbonds. Their respective\tassets\tunder\tmanagement\tcontinue<br \/>\nto\t undergo\t strong\t growth:\t Polen\t Capital\u2019s\t AUM\t grew\t from $7.5\t billion to\t $17.4\t billion\t since\t the<br \/>\npartnership\twith\tiM\tSquare\tin\t2016,\twhile Dolan\tMcEniry\u2019s grew\tfrom $5.8\tbillion to\talmost\t$6.5\tbillion<br \/>\nsince iM\tSquare\tacquired\tits\tstake.<\/p>\n<p>In\taddition,\tiM\tSquare\tkeeps\ton\tseeking\t for\tnew shareholders\twhich\thave\tdistribution\tand\tinvestment<br \/>\ncapabilities,\tin\tthe\tUS\tand\tEurope.\t<\/p>\n<p>Supported\tby a\tstrong\tpool\tof\tlong\t term\tinvestors,\tiM\tSquare\u2019s\tobjective\tis\t to\tinvest\twith\tcurrent\tand<br \/>\nfuture\tshareholders\tover\t$500\tmillion within\t2\tto\t4 years.\t<\/p>\n<p>Philippe\tCouvrecelle, Founder and\tCEO\tof\tiM\tSquare,\tdeclares: <em>\u201cThis\tadditional\tcommitment\t from\tour<br \/>\nshareholders\t is a\t mark\t of\t trust\t and\t confidence which\t will\t allow\t us\t to\t accelerate the\t rollout of\t our<br \/>\nproject,\tnot\tonly\tby\tacquiring\t stakes\tin\tnew\tpartner companies to\tcomplete\tour\tproduct\toffering,\tbut<br \/>\nalso\tby\tstrengthening our\tdistribution\tcapability.\tIndeed,\tit\tcomes\tat\ta\ttime when\twe\tare\tlaunching our<br \/>\nUS\tdistribution\tplatform\tand\tdeveloping our distribution\tresources\tin\tEurope\tand\twithin other\tmarkets.<br \/>\nIt\twill\tenables to\tbring our\tcurrent\tand\tfuture partners\tnot\tonly\ta source\tof permanent\tcapital,\tbut\talso\ta<br \/>\nunique\tdistribution\ttask\tforce\tto\tpartner\tand\tservice\ttheir\tgrowth.\u201d<\/em><\/p>\n<p>Marc\t Frappier,\t Managing\t Partner\t of\t Eurazeo\t Capital,\t comments:\t <em>\u201cWe\t are\t convinced\t that\t financial<br \/>\nservices,\t and\t asset\t management\t in\t particular,\t are\t a\t promising\t investment\t sector\t for\t Eurazeo\t that<br \/>\nbenefits\t from\t solid\t fundamentals.\t The\t launch\t of\t IM\t Square\t is\t a\t wonderful\t initiative\t that\t combines<br \/>\ngrowth\t and\t entrepreneurial\t spirit,\t in\t a\t particularly\t deep\t market,\t offering\t its\t shareholders\t the<br \/>\nopportunity\t to\t deploy\t several\t hundred\t million\t euros.\t We\t are\t delighted\t to\t support\t its\t founders\t by<br \/>\nproviding\tthem\twith\tthe\tlong-term\thorizon\tand\tfinancial\tstrength\tadapted\tto\ttheir\tmarket.\u201d<\/em><\/p>\n<p><strong>Launch\t of\t a\t US\t distribution\t platform,\t a unique\t differentiating\t advantage\t to\t entrepreneurial\t asset<br \/>\nmanager.<\/strong><\/p>\n<p>iM\tSquare\talso\tannounces\tthe\tlaunch\tof\tits US distribution\tplatform,\tbased\ton\tthe\tmodel\tof\tits\tEuropean<br \/>\none.\t The\t company\t will\t support\t and\t develop\t the\t operational\t distribution\t capability\t of\t its\t current\t and<br \/>\nfuture\tpartners\tin\tEurope\tand\tthe\tUS, which\tare\tboth\tcore markets.\t\t<\/p>\n<p>In\t order\t to\t ensure\t the\t ambitious\t development\t of\t iM\t Global\t Partner\t US,\t iM\t Square\t announces\t the<br \/>\nappointment\tof Jeffrey\tSeeley\tas\tHead\tof\tiM\tGlobal\tPartner\tUS\t. As\tformer\tHead\tof\tDistribution\tat\tAMG<br \/>\nFunds,\t he\t has\t a\t perfect\t knowledge\t of US distribution\t platforms,\t strategic\t partnerships\t as\t well\t as<br \/>\ncollaboratively\t working\t with\t our\t investment\t management\t partners\t to\t continue\t their\t asset\t growth<br \/>\nsuccesses.<\/p>\n<p>Through its\t two\t platforms,\t iM\t Square\t will\t bring\t its\t support\t and\t expertise\t in\t European\t and\t US<br \/>\ndistribution\t to\t its partners\u2019\t funds.\t iM\t Square\t aims\t to\t help\t its\t partners reach significant international<br \/>\nclients\t (private\t banks,\t institutional investors,\t banking\t and\t insurance\t groups,\t funds\t selectors\t and<br \/>\ndistribution\tplatforms)\tand\tnotably\ttheir capacity\tto\tdevelop\tUCIT\tfunds\twithin European\tmarkets.<\/p>\n<p>The\ttwo\tiM\tGlobal Partners\tplatforms\u2019 teams\twill\tbring\ttogether strong\texpertise\tbased\tout\tin\tEurope<br \/>\nand the US.\tThe\tobjective\tis\tto\tgrow\tthe\tteam\tto\t20\tpeople\tto\tensure\tthe\tbest\tpartnership\tpossible\twith<br \/>\nthe\tinvestment\tcompanies bringing\tnot\tonly\ta\tglobal\tdistribution\tplatform\tfor\ttheir\tproducts\tbut\talso\ta<br \/>\ntailored\taccess\tto unexplored client\tcapabilities\tand\tsegments of\tdistribution.\t<\/p>\n<p>Philippe\t Couvrecelle, President\t of\t iM\t Square,\t concludes:\t <em>\u201cWe\t have\t strong\t ambitions\t for the<br \/>\ndevelopment\tof\tour\ttwo\tdistribution platforms\tin\torder\tto\tprovide our\tcurrent\tand\tfuture partners with<br \/>\nthe\tcapability\tto\tsupport\ttheir\tgrowth\tand\tto\tbring\tthem\tan\tinternational\tdistribution\tcapacity,\tallowing<br \/>\nthem to fully\tfocus on\tthe\tmanagement\tand\tperformances\tof\ttheir\tfunds \u201d.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>iM Square,\t the\tsole\tEuropean\tinvestment\tand\tdevelopment\tplatform\tdedicated\t to\tasset\tmanagement,<br \/>\nsuccessfully\tsecured a\tnew financing commitment from\tEurazeo,\tone\tof\tits\tfounding\tshareholder,\tafter<br \/>\nhaving completed its initial ambitious growth\t phase.<\/p>\n","protected":false},"author":20,"featured_media":70149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1651,1437,2007],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/70151"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=70151"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/70151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/70149"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=70151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=70151"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=70151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}