12 Dec 2011
Dyal Capital Partners (Dyal) has acquired a passive minority interest in Capital Fund Management (CFM), the Paris-based global hedge fund manager and pioneer in quantitative alternative investment management.
Dyal is acquiring its interest in CFM from the estate of CFM’s deceased founder, Jean-Pierre Aguilar. The remainder of Aguilar’s interest has been purchased by CFM’s senior management, who will maintain majority ownership of the firm.
Under the terms of the transaction, the firm’s governance structures are unchanged. CFM will retain complete autonomy over its management, operations and investment strategies, and will continue to be led by the existing senior management team.
The transaction is subject to customary closing conditions, including certain regulatory approvals, and is expected to close before the end of 2011.
Dyal is acquiring its interest in CFM from the estate of CFM’s deceased founder, Jean-Pierre Aguilar. The remainder of Aguilar’s interest has been purchased by CFM’s senior management, who will maintain majority ownership of the firm.
Philippe Jordan from CFM said: “I and my partners are delighted to welcome Dyal as CFM’s long-term strategic partner. The firm will benefit from the settled ownership which this transaction brings and from Dyal’s sector knowledge and expertise.”
Under the terms of the transaction, the firm’s governance structures are unchanged. CFM will retain complete autonomy over its management, operations and investment strategies, and will continue to be led by the existing senior management team.
The transaction is subject to customary closing conditions, including certain regulatory approvals, and is expected to close before the end of 2011.
