Leading Italian investment bank Mediobanca is buying London-based Arma as part of its tech foray
Italian investment bank Mediobanca has agreed to buy The Shard-based boutique advisory firm Arma Partners in a bid to get closer to London’s top tech companies.
Arma employs 86 people and has advised on a number of large technology deals, including Atos’ acquisition of Cloudreach and EQT’s purchase of Suse. Over the past five years, the firm has advised on transactions valued at more than $85 billion and generated over $100 million in revenue last year.
Mediobanca is one of the largest investment banks in Italy and made a profit of 907 million euros last year. CEO Alberto Nagel said he wants to deepen relationships with top tech companies and buying Arma is the best way to do that.
“Mediobanca has extensive experience working with independent financial advisory firms that have solid fundamentals, strong management leadership, reputable brands and scalable platforms,” he said. “We are convinced that Arma Partners’ unique expertise, complementary business and geographic footprint will perfectly fit our joint growth strategy and will position Mediobanca Group as the primary advisory house for entrepreneurs, investors, business people, CEOs and founders from whom they can… can benefit.” the revolution of the digital economy”
Arma was founded in 2003 by Paul-Noël Guély, who will remain at the helm after the takeover.
“Like us, Mediobanca has an outstanding track record in strategic and independent advice, as well as European roots coupled with global ambitions,” he said. “Our new strategic partners also have great respect for our independence and our consistent focus on the digital economy.”
Last month, Deutsche Bank made a similar deal, buying the city-based boutique investment bank Numis to strengthen its own ties with the UK’s biggest companies.
https://www.standard.co.uk/business/italian-investment-bank-mediobanca-buys-london-s-arma-in-tech-sector-push-b1082086.html Leading Italian investment bank Mediobanca is buying London-based Arma as part of its tech foray
