Italian Bank Acquires Stake In Local Buyout Shop

May 22 2008 | 11:38am ET

Milan, Italy-based investment bank Gruppo Banca Leonardo has acquired 20% of BS Private Equity, a mid-market buyout firm. The bank has an option to buy remaining 80% of BS Private Equity at some point in the future.

According to terms of the deal, BS Private Equity, established some 20 years ago, will remain independent in its investment decisions, and Gruppo Banca Leonardo’s p.e. team, will join BS Private Equity’s team.

The deal coincides with BS Private Equity’s launch of Italian Private Equity Fund V, a €600 million (US$935 million) buyout fund, which unlike its predecessor funds will be open also to Italian investors. Both firms will commit €20 million (US$31 million) to the new fund.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...