MILAN : Mediobanca said on Thursday it had agreed to buy London-based Arma Partners, as Italy's leading investment bank seeks to capture growing corporate demand for advisory services on tech deals and expand its international reach.The acquisition, which Mediobanca expects to boost its fee income by 10 p
MILAN : Mediobanca said on Thursday it had agreed to buy London-based Arma Partners, as Italy's leading investment bank seeks to capture growing corporate demand for advisory services on tech deals and expand its international reach.
In 2020, it worked with U.S. private equity firm Hg as it further invested in Visma, a Norwegian software provider which was valued at $12.2 billion in the world's largest ever software buyout. Mediobanca did not disclose the price of the transaction, saying only it would pay 40 per cent in cash at closing and stagger the rest over four years based partly on Arma's performance.
"This transaction ... will have a material impact on the Corporate Investment Banking fees pool, increasing by approximately 30 per cent," it said.
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