PARIS-BASED INSTITUTIONAL FINANCIAL SERVICES PROVIDER CARAX SA ACQUIRES EFIGEST AM ASSET MANAGEMENT

Jean-Louis Didier and Stéphane Krief, co-founders and CEOs of Carax SA, an independent financial services firm based in Paris, France, and Jean-Noël Vignon, founder and CEO of asset management firm Efigest AM, also based in Paris, announced that they have entered into an agreement for Carax to acquire Efigest AM. The acquisition will position Carax, which currently serves institutional investors, to diversify into fund management and private asset management. Efigest AM will be able to offer its clients a broader range of investment solutions, driving growth of the firm’s assets under management, product range, and brand recognition. Mr. Vignon will continue to serve as CEO of Efigest AM.