No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Home COUNTRY ITALY

Three bids for Italy’s Arca sgr asset manager. Others are coming

Bebeezby Bebeez
November 12, 2015
Reading Time: 3 mins read
in ITALY, PRIVATE EQUITY
Share on FacebookShare on Twitter

arcaThree acquisition proposals have come to Italian asset manager Arca sgr’s shareholders in the last few days, two of them from US Private equity firms Atlas Merchant Capital and Centerbridge while the third came from the Italian Stock Exchange-listed asset manager Anima sgr. All are said to value Arca sgr from 800 million  to one billion euros, MF Milano Finanza and Il Sole 24 Ore wrote.

Chaired by Guido Cammarano and led by ceo Ugo Loser, Arca sgr is now owned by a group of italian cooperative banks wiht the controlling stake of 19.99% each in the hands of Banca Popolare di Vicenza, Bper and Veneto Banca. The asset management company had assets under management for 28.2 billion euros at the end of 2014 (from 21.1 billions at the end of 2013).

Atlas merchant would be at its first investment in Italy while Centerbridge bought Banca Farmafactoring from Apax Partners last April (see here a previous post by BeBeez).

Centerbridge is said to bid for a 40% stake of the company with the rest remaining in the hands of a group of italian cooperative banks. As far as Atlas Merchant is concerned, it is said to bid for a 60% while Anima sgr is interested in buying the entire capital of Arca sgr.

Arca sgr should appoint next week its financial advisors for the deal while Atlas top manager are expected to meet Arca’s shareholders and management on November 18 and 19.

Bids might rise in number in the meantime as many other private equity funds are said to be watching the dossier. Firms with experience in the financial sector in Italy are for example the ones who won Istituto Centrale delle Banche Popolari (Icbpi)‘s auction last June who are Advent International, Bain Capital and Clessidra (see here a previous post by BeBeez).

The latter is the same Italian private equity fund who built up Anima sgr itself, starting from the acquisition of a controlling stake in Prima sgr (which incorporated all Monte dei Paschi di Siena’s asset management activities ) and adding Bipiemme Gestioni sgr (gruppo Banca Popolare di Milano) ,  the oldest Anima sgr (the Banca Popolare di Milano’s asset manager delisted from the Italian Stock Exchange in 2009) , Aperta sgr (Credito Valtellinese group) and Lussemburgo Gestioni sa. Anima sgr was listed at the Milan Stock Exchange in April 2014 (see here a previous post by BeBez).

Strong bidders for Icbpi were also CVC Capital Partners and Permira who in turn might then be interested in Arca sgr. CVC also bid for Pioneer Investments last year together with the Government of Singapore Investment Corporation. The auction was then won by Santander Asset management joined by Warburg Pincus and General Atlantic private equity funds.

Apax Partners might watch the dossier too after the sale of Banca Farmafactoring and above all after the very good result it had some years ago with the deal on Azimut sgr, another big independent asset manager that Apax had listed at the Milan Stock Exchange. Finally Apollo Management , BC Partners and Cinven might be good counterparts in the deal.

Gateways to Italy

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

GREEN

Spanish private equity fund Nzyme raises €160 million to digitalise and consolidate SMEs

July 11, 2025
BENELUX

Ageras completes 8th acquisition with Dutch payroll software company Employes ‘to take the pain out of payroll’

July 11, 2025
DACH

re:cap Lands in the UK to Scale Its Capital OS for Tech Companies, as It Secures €125m for New Facility

July 11, 2025

ItaHub

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Italy’s SMEs export toward 260 bn euros in 2025

Italy’s SMEs export toward 260 bn euros in 2025

September 9, 2024
With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

April 23, 2024
EU’s AI Act, like previous rules on technology,  looks more defensive than investment-oriented

EU’s AI Act, like previous rules on technology, looks more defensive than investment-oriented

January 9, 2024

Co-sponsor

Premium

AlixPartners: Automotive, retail and manufacturing sectors may go through restructuring in 2025

AlixPartners: Automotive, retail and manufacturing sectors may go through restructuring in 2025

July 11, 2025
Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

March 6, 2025
Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

February 10, 2025
Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Next Post

BC Partners to buy Italy's Tex Mex restaurant chain Old Wild West

Italian auto-parts distributor Rhiag files for admission to listing at the Italian Stock Exchange

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart