Richmond Park Seals Deal For Olympia Capital

Richmond Park Partners has closed its acquisition of French fund of hedge funds group Olympia Capital Management, one of the oldest in Europe.

The deal—terms of which were not disclosed—was completed last week, Richmond Park announced yesterday, after winning the approval of both British and French regulators. Olympia, which has US$2.2 billion in assets under management, had previously been owned by private equity firm Sagard and Olympia's partners.

Both Olympia CEO Laurent Duperyon and founder Marc Landeau have agreed to remain with the firm.

Olympia, which is now debt-free thanks to the deal, has 48 employees spread across offices in Paris, London, New York and Zürich, Switzerland.