GCS to buy Dexia's AM arm for $500 million
The deal by Hong Kong-based GCS, a low-key private equity firm, includes a distribution agreement with ICBC to offer European-managed fund products to Asian investors.
GCS Capital, a little-known Hong Kong-based private equity firm, has agreed to purchase Dexia Asset Management (DAM) in a €380 million ($496 million) deal which includes a distribution agreement with Industrial and Commercial Bank of China (ICBC).
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.