Brief: Azimut Signs Binding Agreement To Acquire 100% Of North Square Investments
22/07/2025 14:53
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 Further company coverage: AZMT.MI (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))