The French asset management company has acquired DNCA Finance for an undisclosed amount.

Paris-based Natixis Global Asset Management has completed its acquisition of DNCA Finance.

The deal will give DNCA, a European investment manager, access to Natixis’s global distribution capabilities, allowing it to expand its European footprint into new markets such as Spain, while boosting its business in Germany and Switzerland.

DNCA will maintain its independent management approach and offer investors expertise in European equities, multi-asset, convertible bonds and eurozone bonds, the firm said in a statement. Over the past two years, the company has more than tripled its assets from €5 billion ($5.5 billion) to €16.5 billion.

“As an affiliate of Natixis Global Asset Management we will be able to replicate the success that we have had in France and Italy over the past 15 years and step up our international expansion,” said DNCA Finance's chief executive, Eric Franc. 

“We believe that Natixis’s centralised global distribution platform will help us develop our retail and institutional business and provide investors with a range of simple and understandable funds that deliver results that strengthen their portfolios.”

As of the end of March, Natixis Global Asset Management had assets under management of €819.6 billion. Last month, the company launched a dedicated emerging markets business called Emerise.