AXA Private Equity Spun Out of AXA Group, Renamed Ardian
October 01, 2013
AXA Private Equity has completed its spin-out from the AXA Group and will become Ardian, an independent private investment company. AXA Group will retain a 23% stake in the new entity, having agreed to commit €4.8 billion ($6.5 billion) in new funds managed by Ardian over the next five years. Ardian is reportedly nearing a close for a new European private equity fund that has so far raised €2.5 billion ($3.4 billion).