Global asset manager Capital Dynamics has signed an agreement for the full acquisition of the Italian alternative manager Advanced Capital SGR in an operation expected to close in Q3 2018.
The terms of the transaction has not been disclosed and it is still subject to regulatory approval.
Martin Hahn, CEO of Capital Dynamics, said: “Advanced Capital is a proven and successful asset manager in Italy and shares our culture and investment philosophy. Once completed, this acquisition will deliver a broader array of private markets solutions to Italian investors and further demonstrate our strategy of growth through a strong commitment to important regional markets and investors.”
Robert Berlé, CEO of Advanced Capital SGR, commented: “Capital Dynamics’ global business will complement Advanced Capital’s success in the Italian market. We see a significant opportunity to bring together the strengths of the two firms to market our existing products and offer regional and global solutions which will deliver further value to Italian clients and investors.”
Milan-based Advanced Capital, focused on corporate investments worldwide through a series of specialised private equity funds-of-funds, currently manages generalist private equity as well as real estate and energy fund-of-funds.
Capital Dynamics is an independent global asset management firm focusing on private assets including private equity, private credit, clean energy infrastructure and energy infrastructure credit.