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Thursday, March 28, 2024

A&R steers Beka Finance´s acquisition of Trea AM

Araoz & Rueda has advised Beka Finance on its acquisition of 100% of Trea Asset Management, represented by Uría Menéndez

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Beka Finance has closed the acquisition of 100% of asset manager Trea AM, subject to regulatory approval.

Beka points out that Trea AM has around €6 billion under management, including management mandates from various financial institutions, pension plans and its own investment funds. As a result, Beka Finance has around €30 billion in assets under management.

The bank also explained that this operation will enable it to grow actively in the retail distribution segment. With this integration, Beka Finance’s product offering will include, in addition to conventional investment funds, private equity, agribusiness and venture capital funds, the debt platform and the securitisation fund management recently acquired from Haya Real Estate.

“We are very pleased to have reached this agreement with Trea AM, which places us at the forefront of asset management in Spain, both liquid and alternative, and allows us to record a significant increase in Beka Finance’s assets. In addition, we are strengthening our position in a segment, retail distribution, in which we had a limited presence until now, which marks a clear roadmap for the coming years,” said Beka Finance CEO Carlos Stilianopoulos.

Araoz & Rueda advised Beka Finance with a team led by partner Alejandro Fernández de Araoz and associate José Antonio Escudero Peral, and integrated by associates Javier Sánchez Sánchez, Juan Viaño García, Inés Hevia Arias, Pablo González Lucas, María Cano Esteban, Arturo Brugger de Rojas, Luis Concejo Giner, Carlota Clemente and Adrian Bert Aragón.

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