Mills & Reeve advises award-winning sustainable asset manager on partnership funding deal

Leading national law firm Mills & Reeve has advised London-headquartered Osmosis on its partnership agreement with Nikko Asset Management, which will see one of Asia’s largest asset managers take a minority stake in the firm.

London-based Osmosis, which was launched in 2009, has more than $13.6bn of sustainable assets under management. Its clients include government pension funds, insurance companies, family offices and banks across the UK, Europe, the Nordics, North and South America, Asia and Australia.

Under the strategic partnership, Nikko AM will be given exclusive distribution and client service rights in the Asia-Pacific region (excluding Australia and New Zealand), as well as the Middle East for Osmosis investment products and strategies.

The acquisition is subject to regulatory approval by the Financial Conduct Authority and is likely to be completed by the end of April 2024.

Osmosis’ chief executive officer, Ben Dear, said: “Osmosis is excited to sign this partnership with Nikko AM. It is a partnership based on a shared vision of the scale of the opportunity, an alignment of values, and a belief that the capital markets have a pivotal role to play in directing capital towards companies that are leading the transition to a more sustainable planet. Through Nikko AM’s established distribution networks, we have already made significant strides in Asia, including our first Japanese institutional investor. We look forward to further raising awareness of our unique investment approach in the region.”

Thilo Schneider, corporate partner at Mills & Reeve and head of the London corporate team, said: “Osmosis is a long-standing client, and its distinctive strategy has seen the firm become a market leader in sustainable investment. The strategic partnership with Nikko AM will provide the ideal platform to achieve its international expansion plans. We are very proud to count such a progressive business as our client.”

Our content explained

Every piece of content we create is correct on the date it’s published but please don’t rely on it as legal advice. If you’d like to speak to us about your own legal requirements, please contact one of our expert lawyers.

Mills & Reeve Sites navigation
A tabbed collection of Mills & Reeve sites.
My Mills & Reeve navigation
Subscribe to, or manage your My Mills & Reeve account.
My M&R


Register for My M&R to stay up-to-date with legal news and events, create brochures and bookmark pages.

Existing clients

Log in to your client extranet for free matter information, know-how and documents.


Mills & Reeve system for employees.