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

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of