Azimut buys Electa Ventures to develop investment banking business

Azimut buys Electa Ventures to develop investment banking business

(Finance) – Azimutha group active in asset management and included in the FTSE MIB, has signed a strategic investment agreement in Electa Ventures for develop investment banking activities. Led by the founder Simone Strocchi, together with operational partners Angela Oggionni, Daniela Deghi and Luca Magliano, Electa was born in 2003 as an advisor to private equity operators and equity sponsors of medium-sized companies, and has then established itself over the years as one of the independent players more qualified in the structuring of financial transactions.

Electa Ventures launched theforerunner of the first SPAC under Italian lawMade in Italy 1, with whose business combination it was listed Sesaand the innovative Pre-booking Company “IPO Challenger” with which they were listed Italian Wine Brands And Pharmanutraup to the most recent Spac evolution in Cloud, launched in partnership with Elite, with which the investment was supported with a listing of Digital Valueas well as a series of investments in Italian SMEs, both listed and unlisted, through club deals and customized vehicles.

Currently the Azimut group manages over 81.7 billion euros of assets, of which 4.7 billion euros in real economy products in various asset classes, including private equity, venture capital, private debt, real assets, which benefit, among other things, the new legislation on alternative PIRs. Azimut and Electa will therefore leverage their respective and synergistic skills for launch investment initiatives in the real economy through a multi-partnership business model.

“We hope to bring our skills, our human capital with the DNA of innovators, our enthusiasm and our determination to Azimut, also on the basis of the experience gained and the successes achieved, which have shown how the careful guidance of constructive capital in indigenous companies can determine, over time, surprising multiples results“, commented Simone Strocchifounder and president of Electa Ventures.

“Azimut, thanks to its private markets funds, the growth in neo-lending and the professionalism working in the group has become a partner for companies, both for financing needs and for capital operations – he said. Gabriele BleiCEO of Azimut – With Simone we have set ourselves the goal of accelerating further on this path e provide entrepreneurs with additional highly innovative investment solutions“.

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