AXA Venture Partners’ leadership team acquires AXA’s stake in AVP

AXA has announced that it has entered into an exclusive negotiation to sell AXA Investment Managers to BNP Paribas. In this context, AXA has accepted an offer from AVP’s management team to acquire AXA’s 70% interest in AVP through a management buyout.

Following this transaction, AVP will change its name.

AXA Venture Partners manages more than €2 billion of assets across four investment strategies: venture, growth, late stage, and fund of funds, operating in Europe and in the US. Since its establishment in 2016, AVP has invested in more than 60 technology companies in the venture and growth stages and in more than 60 funds with the Fund of Funds investment strategy.

“Today marks an incredible milestone for AVP and its team, and we feel both humbled and excited by this opportunity. The AVP leadership team and I will acquire a majority stake in AVP which will allow us to write an exciting new chapter for the firm. Most importantly, we would like to thank AXA for the continuous support since the inception of AVP in 2016. This incredible support has been instrumental in our development and success, and we will always be grateful for the trust put in us. Of course, we will aim at continuing and developing further these strong relationships going forward. With this management buyout, we will become fully independent. The new structure will ensure continuity for our investors and the entrepreneurs we back, will foster an entrepreneurial spirit among our team, and will continue to put performance at the heart of our operations. Our management team is incredibly excited to continue the journey and accelerate our story with our clients and stakeholders. At AVP, nothing is more important than the team. In the past 8 years, we have reinforced our leadership team by regularly adding new partners. This is the reason why we now feel strong enough to acquire our company and pursue its next phase of development. I am very grateful to work with such a talented, diverse and complementary team, and I am confident that we are embarking on an exciting and successful journey together.” – Francois Robinet, Managing Partner AVP.

The proposed transaction is subject to the necessary regulatory approvals.