Morningstar France Holding, a subsidiary of Morningstar, Inc., a provider of independent investment research, is to acquire Seeds Group, a provider of investment consulting services and fund research in France. The companies expect to complete the transaction within the next few months. Terms were not disclosed.
Seeds Group was founded in 2002 and, through its subsidiary Seeds Finance, provides investment consulting services to pension funds, insurance companies, asset managers, banks, and brokerage firms. With more than 30 clients, the company and its affiliates specialize in asset liability management (ALM), manager selection, plan construction, risk, and portfolio management in alternative investments and active strategies.
“Our acquisition of Seeds Group will expand our investment consulting services in France, which has the largest asset management market in Europe,” said Joe Mansueto, chairman and chief executive officer of Morningstar. “Seeds Group has a well-known and well-regarded brand in the French institutional market along with a talented management team, whose expertise in alternative investments will enhance our fund-of-funds investment management capabilities.”
Seeds Group and its affiliates have 12 employees based in Paris. After the acquisition is completed, Jean-Francois Bay and Vianney Dubois, co-founder and managing director, will continue to lead the business and the company will become a subsidiary of Morningstar France.
Location: France, Paris
Ref: F231109-434
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