Azimut, Italy’s leading independent asset manager, signed yesterday an agreement to subscribe a capital increase of Futurimpresa sgr, an investment management company of the Chambers of Commerce of Milan, Bergamo, Brescia and Como.The investment, subject to the approval of Bank of Italy, will be  of 2.5 million euros for a 55% stake in the shareholders’ capital of  Futurimpresa (download here the press release).
The transaction is designed to create a partnership aimed at developing entrepreneurial synergies on investments in small and medium enterprises, with the objective to support the promotion and development of the region in which they operate through the creation of a platform to support corporate excellences.
So Azimut will also integrate in this platform its Antares AZ I fund focused on minibonds of small and medium enterprises in Italy launched last November with a fundraising target of 200 million euros. The fund will be advised by the management team of Antares Private Equity, an Italian private equity investment veichle founded by Stefano Romiti, Guido Vesin and Mario Bongiorni.
