Mediobanca and RAM Active Investments (RAM AI) have agreed the terms of a strategic partnership in which Mediobanca will acquire a 69% interest in RAM AI.
Founded in 2007, based in Switzerland, RAM AI currently manages asset under management of CH4.9bn across 14 funds.
RAM’s partners, Thomas de Saint-Seine, Maxime Botti and Emmanuel Hauptmann will retain significant stakes in RAM and will remain committed to its development for at least the next ten years.
The deal with RAM AI can help Mediobanca achieve its target of raising their current €30bn in assets under management and assets under advisory by 15%.”
Each partner will also reinvest a meaningful part of their proceeds in RAM AI’s funds. REYL Group will retain a 7.5% stake in the company and will continue to operate as a preferred partner and anchor investor in the Company’s products.
The transaction is subject to customary conditions, including approval from the relevant regulatory authorities, and is expected to close in the first half of 2018.