Natixis Investment Managers to Acquire Stake in WCM Investment Management, Form Global Distribution Partnership

Natixis Investment Managers (Natixis) today announced it has signed an
agreement to acquire a minority stake in WCM Investment Management (WCM)
and become their exclusive third-party distributor, subject to limited
exclusions. The agreement establishes a long-term partnership that will
allow Natixis to distribute WCM’s investment strategies globally, which
in turn enhances WCM’s ability to grow and create opportunity for its
clients and employees while upholding its focus on its culture and
investment process.

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With $29 billion of assets under management (as of May 31, 2018),
employee-owned WCM is best known for managing low-turnover,
alpha-generating equity portfolios with a focused, global growth
approach. WCM’s strategies are differentiated by first, an emphasis on
the dynamics of competitive advantage and second, the critical role of a
healthy culture aligned with that advantage. The addition of WCM to
Natixis’ global multi-affiliate platform will give Natixis clients
access to another high-conviction, high-active share investment manager
with a distinctive investment culture and process.

Under the terms of the agreement, Natixis Investment Managers will
acquire a 24.9% stake in WCM and enter into a long-term exclusive
distribution agreement, subject to limited exclusions. WCM will retain
its independence and autonomy over the management of its business, its
investment philosophy and process, and its culture, while benefiting
from a strong global partner. Paul Black and Kurt Winrich will remain as
co-CEOs, and there will be no changes to management or investment teams.
The impact of the transaction on Natixis’ CET1 ratio is estimated to be
approximately -15 basis points (bps).

“We are pleased to become the global third-party distributor for WCM,
whose strong track record and proven investment process make them an
excellent partner and strong addition to our global offering,” said Jean
Raby, CEO of Natixis Investment Managers. “Our investment in WCM
exemplifies our commitment to adding high-conviction, highly active
investment managers to our multi-affiliate platform in order to provide
our clients with a wide range of unique investment opportunities.”

“We’re really excited to enter into this partnership with Natixis,” said
Paul Black, Co-CEO of WCM Investment Management. “After a lot of thought
and collective input, we concluded the smartest way to enhance our
stability, and to guard our investment temperament, was to partner with
a world-class global distribution platform. For some time now we’ve
known that diversifying the product mix within the firm – by raising the
profile of our global strategy, our emerging markets strategy, and
various other investment strategies – is the key to making this happen.”

“Our culture starts with kindling an entrepreneurial spirit, driven by
empowerment and transparency,” said Kurt Winrich, Co-CEO of WCM
Investment Management. “We try hard to pay attention, seize opportunity,
be smart, stay humble, and stay hungry. While working hard and caring
for your people is essential, we strongly believe it doesn’t explain
everything, and that success also involves being given some
opportunities. Today, we have another opportunity placed before us. This
partnership will allow us to stay focused on what we do best; namely
nurturing and growing a vibrant, robust culture, and generating superior
performance for our clients.”

WCM was advised by Cambridge International Partners, New York. The
transaction is expected to close in the second half of 2018, subject to
customary closing conditions and regulatory approvals.

About Natixis Investment Managers

Natixis Investment Managers serves financial professionals with more
insightful ways to construct portfolios. Powered by the expertise of 26
specialized investment managers globally, we apply Active Thinking? to
deliver proactive solutions that help clients pursue better outcomes in
all markets. Natixis ranks among the world’s largest asset management
firms1 with more than $1 trillion assets under management2
(€818.1 billion AUM).

Headquartered in Paris and Boston, Natixis Investment Managers is a
subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a
subsidiary of BPCE, the second-largest banking group in France. Natixis
Investment Managers’ affiliated investment management firms and
distribution and service groups include Active Index Advisors®;3
AEW; AlphaSimplex Group; Axeltis; Darius Capital Partners; DNCA
Investments;4 Dorval Asset Management;5 Gateway
Investment Advisers; H2O Asset Management;5 Harris
Associates; Investors Mutual Limited; Loomis, Sayles & Company; Managed
Portfolio Advisors®;3 McDonnell Investment
Management; Mirova;6 Ossiam; Ostrum Asset Management; Seeyond;6
Vaughan Nelson Investment Management; Vega Investment Managers; and
Natixis Private Equity Division, which includes Seventure Partners,
Naxicap Partners, Alliance Entreprendre, Euro Private Equity, Caspian
Private Equity;7 and Eagle Asia Partners. Not all
offerings available in all jurisdictions. For additional
information, please visit the company’s website at
| LinkedIn:

Natixis Investment Managers includes all of the investment management
and distribution entities affiliated with Natixis Distribution, L.P. and
Natixis Investment Managers S.A.

Natixis Distribution, L.P. is a limited purpose broker-dealer and the
distributor of various registered investment companies for which
advisory services are provided by affiliates of Natixis Investment

In Canada: This material is provided by Natixis Investment
Managers Canada LP.

1 Cerulli Quantitative Update: Global Markets 2017 ranked
Natixis Investment Managers (formerly Natixis Global Asset Management)
as the 15th largest asset manager in the world based on assets under
management as of December 31, 2016.2 Net asset value as
of March 31, 2018 is $1.008 trillion. Assets under management (“AUM”),
as reported, may include notional assets, assets serviced, gross assets
and other types of non-regulatory AUM.3 A division of
Natixis Advisors, L.P.4 A brand of DNCA Finance.5
A subsidiary of Ostrum Asset Management.6 Operated in
the U.S. through Ostrum Asset Management U.S., LLC.7 Caspian
Private Equity is a joint venture between Natixis Investment Managers,
L.P. and Caspian Management Holdings, LLC.

About WCM Investment Management

WCM’s primary goal is to generate long-term, sustainable, excess return
for clients by nurturing a culture of innovation, by closely aligning
employee incentives with client objectives, and by preserving a flat
power structure that fosters meritocracy and debate.

We offer innovative, equity investment management services for a variety
of clients, including corporations, individuals, public and private
funds, Taft-Hartley plans, endowments, and foundations, through a
variety of vehicles, including separate accounts, mutual funds, limited
partnerships, and more. Original equity research provides the foundation
for our goal of long-term excess return.

WCM is motivated by a spirit of broad-based employee ownership, and is
based in Laguna Beach, California.


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