M&G Real Estate acquires majority stake in European investment manager BauMont

M&G’s With Profits Fund invests €200 million in latest fund

M&G plc today announces that its Real Estate business has acquired a majority stake in BauMont Real Estate Capital Limited (BauMont) – a leading European investment manager specialising in value-add strategies.

The acquisition underpins M&G’s strategy as it seeks to strengthen its position as a leader in European private assets through selective bolt on acquisitions.

Established in 2017, BauMont has offices in Paris and London with €1.5 billion¹ of assets under management and a management team with an investment track record of more than 20 years. Value-add investments are different to core real estate strategies as they usually require action such as redevelopment or refurbishment to achieve higher returns.

BauMont’s 18-strong team will join forces with M&G’s £40 billion² global real estate business to expand its client proposition beyond core real estate and enable investment throughout the property cycle – unlocking potential returns through active management. In turn, BauMont will benefit from M&G’s significant European real estate platform, alongside its global distribution capabilities that have been expanded in recent times to meet the growing needs of institutional investors in Europe and Asia.

Separately, M&G’s With Profits Fund – which invests and manages the long-term savings on behalf of 4.6 million UK policy holders, including 450,000 clients in the market leading PruFund – is investing €200 million in BauMont’s latest fund and is seeking to secure higher returning opportunities for its wider £13 billion real estate allocation.

Joseph Pinto, Chief Executive Officer, M&G’s Asset Management business, said: “The acquisition of a majority stake in BauMont is in line with our growth strategy in private markets where we have the ambition to become the European champion in this space. BauMont is a specialist firm with leading capabilities that can be enhanced by the strength of our wider real estate platform and distribution network. This deal is testament to our strategy of investing in teams that have the potential to deliver alpha for our clients over the long-term, building on our rich heritage and track record in investing in private markets, yet continuing to drive innovation and enhance our capabilities.”

Robert Balick, Managing Partner at BauMont, added: “Collaborating with M&G Real Estate is an exciting milestone for us as they share our commitment to excellence and innovation in real estate investing. We will be able to leverage M&G’s extensive resources and expertise to source a wider set of opportunities as we seek to deliver enhanced value to our investors."

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Media enquiries

Irene Chambers

Media Relations

+44 (0)782 569 6815

irene.chambers@mandg.co.uk

Rebecca Talbot

Media Relations

+44 (0)782 782 0428

Rebecca.talbot@mandg.com

Notes to editors

¹BauMont as of 30 October 2024

²M&G as of 30 June 2024

Investor intention surveys have shown that European and Asian investors see the market potential of value-add real estate strategies, especially at this point in the cycle where we are entering the recovery phase. As urbanisation and economic growth continue to drive demand for high-quality real estate, value add is poised to play a crucial role in the real estate allocation of global institutional investors.

OpenAbout M&G plc

M&G plc is a leading international savings and investments business, managing money for around 4.6 million retail clients and more than 900 institutional clients in 38 offices worldwide. As at 30 June 2024, we had £346.1 billion of assets under management and administration. With a heritage dating back more than 170 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. We serve our retail and savings clients under the M&G and Prudential brands in the UK and Europe, and under the M&G Investments brand for asset management clients globally.

OpenAbout BauMont

BauMont is an independent real estate private equity investment firm formed in 2017 and led by Robert Balick and Frédéric Laurent, who together have over 50 years of experience across asset sectors and European markets. BauMont’s partners have successfully managed investments through several cycles including times of great volatility and capital vacuums.

BauMont’s investment strategy covers Western Europe with a focus on France and the UK. BauMont seeks to generate superior returns by acquiring real estate assets where value can be created through intensive asset management and unlocking arbitrage opportunities.

With offices in London and Paris, BauMont's experienced investment team has an extensive network of relationships, providing access to a wide range of investment opportunities in the office, retail, industrial and residential real estate sectors. For more information, please visit https://www.baumontrealestate.com/

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M&G plcの直接子会社であるM&G Investments（M&Gインベストメント）のウェブサイトにアクセスするには、
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イングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）の関連会社をお探しの場合は、こちらをクリックしてください。

M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority.

M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.

M&G plc は、イングランド及びウェールズで設立・登録。本社登録地は10 Fenchurch Avenue, London EC3M 5AG。登録番号11444019。M&G plcは持ち株会社で、その子会社の一部はPRA（健全性監督機構）及びFCA（金融行為規制機構）に認可され、それらの規制対象となっています。

M&G plc は、イングランドを登録地、及び主たる事業領域とする会社で、その関連会社は有数の貯蓄・投資機関として基盤を確立しています。M&G plcは、Prudential Assurance Company Limited（プルデンシャル・アシュアランス・カンパニー・リミテッド）の直接親会社です。なお、Prudential Assurance Company Limitedは、アメリカ合衆国を主たる事業領域とするPrudential Financial, Inc.（プルデンシャル・ファイナンシャルInc.）またはイングランド及びウェールズで設立された国際グループ企業であるPrudential plc（プルデンシャル・ピーエルシー）とは一切関係がありません。

M&G Real Estate acquires majority stake in European investment manager BauMont

M&G’s With Profits Fund invests €200 million in latest fund

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Notes to editors