(Reuters)Alternative asset manager Tages Group said on Wednesday it was taking a stake in private equity group VAM Investments in a deal that gives it an option to buy the entire company within three years. Under the deal, Tages will take a 34 percent stake in VAM while Tages shareholder Francesco Trapani will buy a 15 percent holding and become executive chairman of VAM, Tages said in a statement.Tages, which manages 47 billion euros ($54.96 billion) in assets, said the deal was part of a plan to expand its product offering. It already offers hedge fund, infrastructure and distressed credit investments.

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