Amundi Acquires Pioneer Investments for €3.5 Billion

July 3, 2017

Cleary Gottlieb represented Amundi, which announced on July 3, 2017, that it had completed the acquisition of Pioneer Investments from UniCredit.

This acquisition was made for an all-cash consideration of €3.5 billion. As part of the transaction, Amundi formed a long-term strategic partnership with UniCredit for the distribution of asset management products in UniCredit banking networks.

Pioneer Investments is a world-class asset manager that has a highly complementary business and geographic profile with Amundi. With €222 billion of assets under management, a majority being retail assets, Pioneer Investments has a unique franchise with a global and proven product expertise.

This transforming acquisition strengthens significantly Amundi’s industrial project and reinforces its position as the European leader in asset management. It creates the eighth-largest asset manager globally, with €1,2761 billion of assets under management.