Azimut Signs Binding Agreement To Acquire 100% Of North Square Investments
ReutersJul 22, 2025 1:53 PM
July 22 (Reuters) - Azimut Holding SpA AZMT.MI:
FORMS $20 BILLION INTEGRATED ASSET MANAGEMENT, DISTRIBUTION PLATFORM IN U.S. WITH ACQUISITION OF NORTH SQUARE INVESTMENTS
U.S. AUM REACHES $50 BILLION, STRENGTHENING AZIMUT’S POSITION AS ITS SECOND LARGEST MARKET
TRANSACTION IS EXPECTED TO GENERATE ABOUT 5% NET PROFIT ACCRETION FOR AZIMUT WITHIN FIRST 12 MONTHS
TRANSACTION PROVIDES FOR A MINIMUM PURCHASE PRICE OF $110 MILLION, BASED ON AN ENTERPRISE VALUE OF $165 MILLION
IN ADDITION, EARN-OUT AND MANAGEMENT INCENTIVE PLAN IS EXPECTED TO BRING THE OVERALL CONSIDERATION TO APPROXIMATELY $160 MILLION
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.TradingKey
4 hours ago
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion TreTradingKey
17 hours ago
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
