Convergent Finance LLP enters into a strategic partnership with the Belgian company Ackermans & van Haaren
Bombay (Maharashtra) [India], October 29 (ANI/NewsView): Convergent Finance LLP (“Convergent”) announced today that it has entered into a strategic partnership with Ackermans & van Haaren (“AvH”), an independent and diversified group aimed at creating shareholder value through -term investments in a limited number of companies with international growth potential. The AvH group represented, economically, a turnover of 6 billion euros in 2021 and is based in Antwerp, Belgium.
Through this partnership, Convergent seeks to leverage the operational and industry expertise of AvH and its global networks. Convergent expects this partnership to help its platform companies (whose activities are global) to explore opportunities within AvH’s sphere of influence. Through this partnership, AvH plans to leverage the Convergent team’s diverse network and decades of expertise in investing in Indian companies and create industry and co-investment partnerships over time. Additionally, as part of this partnership, John-Eric Bertrand (“John-Eric”), co-CEO of AvH, will be appointed Chairman of the Convergent Advisory Board. John-Eric, who has held various management positions at AvH during his 14 years with the group, will work closely with Convergent on investments and future strategies.
Harsha Raghavan, Managing Partner of Convergent, welcomed the partnership and said, “Convergent’s main goal is to partner with great companies and help them grow into global leaders. We hope our partnership with AvH will help our platforms achieve this by leveraging the group’s network and experience in helping businesses grow. We are also delighted to have John-Eric chair the advisory board. As Chairman, he will work with our platform companies on issues such as targeted acquisitions, organic growth opportunities and ESG. John-Eric commented, “The Convergent leadership team has proven its relevance and distinctiveness in the dynamic Indian market by actively supporting entrepreneurs and leadership teams in building effective market leaders, relentless focus on improving performance throughout the value chain. AvH and Convergent share similar investment philosophies, aiming to enter into a long-term partnership with families and management teams in companies with strong track records of operational and financial success. Myself and the rest of the AvH team are excited to partner with Convergent to identify investment opportunities and then work with these companies to expand their businesses. »
Convergent is a forward-thinking investment management and advisory partnership for bringing together ideas, capital and passionate entrepreneurs. Convergent’s investment process involves identifying a proprietary platform and complementary opportunities, speed of execution, and a constant focus on improving performance. The convergent value investing approach believes in paying fair and reasonable valuations through bilaterally negotiated transactions. Ackermans & van Haaren is a diversified group operating in 4 key sectors: Marine Engineering & Contracting, Private Banking, Real Estate and Energy & Resources. In its Growth Capital segment, AvH also provides growth capital to sustainable companies in various sectors.
From an economic point of view, the AvH group represented in 2021 a turnover of 6.0 billion euros and employed 22,563 people thanks to its share in the participations. AvH is listed on Euronext Brussels and is part of the BEL20 index and the European DJ Stoxx 600 index. This story was provided by NewsSee. ANI shall in no way be responsible for the content of this article. (ANI/NewsView)
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