Sanlam Investment Holdings has acquired a majority stake in Bermuda-based investment firm P2international.
Sanlam says the move will give its clients access to international equity and bond funds. It adds the investment will allow P2 to expand into more countries across Africa, Asia Europe and the Middle East
Sanlam Investment chief executive John van der Merwe says: “We have worked with P2 for a number of years and are now looking forward to deepening and widening this relationship through the new ownership arrangement.”
The deal will see P2 retain its current branding and operate under the Sanlam Investment umbrella.
P2 has also entered into a deal with Morningstar to allow the firm to display Morningstar’s fund ratings within its global investment solutions.