Carlos Tusquets, executive president and main shareholder of Trea Asset Management (AM), Antonio Muñoz, director and general director, the management team and two Spanish family offices have joined together to buy back 30% of the manager’s capital from the American fund Lovell Minnick Partners (LMP).
LMP is a private equity fund focused on investments in financial services. The purchase marks the end of the “successful” partnership with Trea AM that began in 2017, stated in a note. “It strengthens the internal shareholding structure and reflects the commitment and confidence of the management team in the future of the company, which is now beginning a new stage of growth,” it is stated.
Tusquets thanked “the support that Lovell Minnick has given us in this stage of growth”, satisfied with “the shareholder involvement of the management team in the future of the company.”
Trea AM manages around €5.5 billion and is one of the largest independent managers in the country. It operates with management mandates for financial institutions, pension plans and its own investment funds, with Cajamar and Mediolanum as its main clients.
Part of the financing for the buyback comes from the private equity manager Tresmares Capital, it is specified.
