Two affiliate management companies of Natixis Investment Managers, Mirova and Thematics Asset Management (AM), have announced a strategic merger project aimed at creating an offering that combines innovation and positive impact in thematic management.

Natixis said that the merger project was based on the complementary strengths of each entity, with Mirova’s investment solutions seeking to combine long-term value creation with a positive impact on the environment and society, and Thematics AM’s thematic investment strategies aiming to provide access to ‘promising markets’ supported by secular growth factors.

Through the merger project, Mirova and Thematics AM will look to offer a diversified range of thematic investment products to meet investors’ needs while meeting high sustainability standards.

The closing of the transaction is expected in Q4 2025, subject to the completion of applicable social procedures and obtaining the approval of the relevant regulatory authorities.

Mirova manages approximately £27bn, including £2.6bn in its thematic offering, which integrates six strategies focused on issues including the environment, climate, biodiversity, job creation, and diversity.

Meanwhile, Thematics AM manages around £2.6bn in assets concentrated on five themes: AI and robotics, water, safety, health, and the subscription economy.

Commenting on the announcement, Natixis Investment Managers CEO, Philippe Setbon, said: “This merger project perfectly aligns with our strategic ambition, Vision 2030.

“By uniting the strengths of Mirova and Thematics AM, we aim to address the growing needs of our clients in an increasingly competitive market.”

Mirova CEO, Philippe Zaouati, stated: “This merger project with Thematics AM fully aligns with our strategic development.

“By joining forces, we could expand our offering in listed markets, better meet our clients' expectations, and strengthen our position as a leader in responsible investment.

“This initiative perfectly aligns with our goal of doubling our assets by 2030 and increasing our positive impact on the environment and society.”

Thematics AM president and CIO, Karen Kharmandarian, added: “Following a successful initial development phase for Thematics AM, this strategic merger would enable us to offer enhanced collective expertise to our clients, providing a range of innovative thematic products that address their concerns and the challenges of our time.”

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