Emancipationith the backing of BNP Paribas and Naxicap Partners, which contributed €15 million last September (see No. 989), Groupe Primonial has completed its first two acquisitions. The wealth management advisor, which also has a dedicated multi-management structure, has acquired SportInvest and Lonlay & Associés. No financial details have been released on these acquisitions, which take the company’s assets under management to over €2.7 billion – up from €2.4 billion in mid-2010 – and enable it to hope for 2011 inflows of €800 million – up from €600 million previously. Founded in 1999 and co-founded by Yannick Noah, SportInvest is the smaller of the two structures acquired, but it offers Primonial a specific clientele: top-level athletes. With offices in Paris, Lyon and Aix-en-Provence, Lonlay & Associés has specialized since its creation in 2005 in intermediate wealth management clients (50,000 to 500,000 euros in liquid assets), particularly the self-employed. In all, some sixty employees have joined the Primonial Group. Bruno Deutsch; LSK & Associates (Ran Hamou, Vanessa Itzkovitch); Tiberi (Nicole Tiberi, Florence Duhesme) Kohn & Associates (Valérie Devismes)

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