After many expressions of interest had been submitted to Italian asset manager Arca sgr’s shareholders last Autumn (see here a previous post by BeBeez), the sale process was suspended as the company’s shareholders chose to ask advisors Mediobanca and Rothschild to analyze all options on the table in order to gain the most value from their stakes. Advisors are now close to present their plan so the dossier is coming back to be hot, MF Milano Finanza writes today.
Since last December 22nd 2015 Bper bank is the major shareholder in Arca sgr’s capital, having raised its stake from 19.99% to 32.752% after having bought part of the 19.99% stake previously owned by Banco Popolare. At the same time Banca Popolare di Sondrio increased its stake from 12.9% to 21.13%, having acquired the ramining stake from Banco Popolare. Other shareholders are Banca Popolare di Vicenza and Veneto Banca with19.99% each.
Chaired by Guido Cammarano and led by ceo Ugo Loser, Arca sgr is a target for many investors. Two of them are US Private equity firms Atlas Merchant Capital and Centerbridge, one is French private equity Ardian while other two expression of interests came from asset Italian Stock Exchange-listed asset manager Anima sgr and French asset manager Amundi.
All informal bids are said to value Arca sgr about one billion euros.