Brief: Equita To Buy Xenon Private Equity For EUR 70 Mln Total Consideration
18/03/2026 07:15
March 18 (Reuters) - Equita Group SpA EQUI.MI: EQUITA STRENGTHENS ITS ALTERNATIVE ASSET MANAGEMENT BUSINESS BY ENTERING INTO PARTNERSHIP WITH XENON PRIVATE EQUITY BINDING AGREEMENT TO ACQUIRE THE PLATFORM WITH €1 BILLION IN ASSETS UNDER MANAGEMENT TRANSACTION IS EXPECTED TO LIFT EARNINGS PER SHARE EQUITA WILL DOUBLE ITS ASSETS UNDER MANAGEMENT FROM €1 BILLION TO €2 BILLION AND ANNUAL MANAGEMENT FEES, ON PRO-FORMA BASIS, WILL TRIPLE STARTING FROM 2026 TOTAL CONSIDERATION TRANSACTION, CLASS B SHARES INCLUDED, AGREED IN €70 MILLION UP TO €35 MILLION TO BE PAID IN CASH, REMAINING CONSIDERATION TO BE SETTLED WITH NEWLY ISSUED SHARES RESULTING FROM RESERVED SHARE CAPITAL INCREASE TO ACQUIRE 20% OF CLASS B SHARES OF XENON FUNDS STILL IN CAPITAL DEPLOYMENT PHASE, ENTITLED TO CARRIED INTEREST TO ACQUIRE RIGHT TO SUBSCRIBE 20% OF CLASS B SHARES OF FUNDS THAT WILL BE RAISED IN THE FUTURE CLOSING OF TRANSACTION IS EXPECTED TO OCCUR IN H2, SUBJECT TO APPROVAL OF SUPERVISORY AUTHORITIES Further company coverage: EQUI.MI (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48587696600;))