Prime Italian funding financial institution Mediobanca buys London’s Arma in tech sector push
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talian funding financial institution Mediobanca has agreed to purchase boutique advisory agency Arma Partners, which relies in The Shard, because it hopes to get nearer to London’s high tech firms.
Arma, which employs 86 people, has suggested on quite a lot of main tech deals, together with Atos’ acquisition of Cloudreach and EQT’s buy of Suse. In the last five years, it has suggested on greater than $85 billion price of deals and its income final 12 months was greater than $100 million.
Mediobanca is among the many largest investment banks in Italy, making a profit of €907 million final 12 months. CEO Alberto Nagel stated he wished to deepen ties with high tech corporations, and shopping for Arma was one of the simplest ways to take action.
“Mediobanca has significant experience in partnering with independent financial advisory firms characterized by solid fundamentals, strong management leadership, renowned brands and scalable platforms,” he stated. “We are convinced that the unique expertise, complementary business and geographic footprint of Arma Partners is a perfect fit for our common growth strategy and will position Mediobanca Group as a primary advisory house to entrepreneurs, investors, business professionals, CEOs and founders to benefit from the digital economy revolution”
Arma was based in 2003 by Paul-Noël Guély, who will stay in cost post-acquisition.
“Like us, Mediobanca boasts a distinguished track record of strategic and independent advice, as well as European roots coupled with global ambitions,” he stated. “Our new strategic partners are also very respectful of our independence and relentless focus on the digital economy.”
Last month Deutsche Bank made the same deal, purchasing City-based boutique investment bank Numis with a purpose to improve its personal ties with the UK’s greatest firms.