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Deals Of The Day: The Latest In Wealth Management M&A – BNP Paribas, Dynamic Group

Editorial Staff

4 April 2022

BNP Paribas, Dynamic Credit Group
has completed its purchase of a majority stake in Dutch asset manager and specialist lender Dynamic Credit Group.

Dynamic Credit Group will be folded into BNPP AM’s private debt and real assets investment division (PDRA), bringing its total assets under management to more than €20 billion ($22 billion) – as at 31 December 2021.

The firm manages assets of €9 billion, consisting primarily of Dutch mortgages, which it originates through its own online platform, bijBouwe, and other channels.

The financial cost of the deal, which was initially announced in September last year, was not disclosed.

Dynamic Credit will become part of the PDRA division, while continuing to operate as an independent entity under the leadership of chief executive and founder Tonko Gast, who will report to its board and to David Bouchoucha, chief investment officer and head of PDRA.