Nikko Asset Management and Osmosis (Holdings) entered into a legally binding strategic partnership on 6 November 6 which will see Nikko AM take a minority stake in the London-based sustainable investment firm.
In a statement on 7 November, Nikko Am said it is to be given exclusive distribution and client service rights in the Asia-Pacific region, excluding Australia and New Zealand, as well as the Middle East for Osmosis investment products and strategies.
Nikko AM is also to take a seat on the Osmosis board of directors.
The acquisition is subject to regulatory approval by the FCA and is likely to be completed by the end of April 2024.
Osmosis CEO Ben Dear said: "Osmosis is excited to sign this partnership with Nikko AM which is based on a shared vision of the scale of the opportunity, an alignment of values, and a belief that the capital markets have a pivotal role to play in directing capital towards those comapnies that are leading the transition to a more sustainable planet.
"Through Nikko AM's established distribution networks, we have already made significant strides in Asia, including our first Japanese institutional investor. We look forward to further raising awareness of our unique investment apporach in the region."
Nikko AM President Stefanie Drews said: "We are delighted to be able to enter into partnership with a company of such exceptional credentials in the sustainable investment space. Osmosis is truly unique, with an innovative approach that has proven itself over the years. In addition, Osmosis makes for a strong cultural fit, and therefore a perfect partner with whom we look to grow together."
