Banca Etica acquires Impact sgr to bolster impact investing
Deal News | Jan 14, 2025 | Legal Community Italy
Banca Etica, an Italian ethical banking institution, has acquired a 70% stake in Impact sgr, a savings management company focused on impact finance, thereby expanding its operations in the wealth management and savings management sectors. The acquisition deal, supported by Orsingher Ortu and Andpartners for Banca Etica, and Freshfields for the sellers of Impact sgr, also includes transferring the financial management of funds from Etica sgr, previously managed by Anima sgr, to Impact sgr. Final execution of the acquisition is subject to regulatory approvals.
Sectors
- Banking
- Asset Management
- Legal Services
Geography
- Italy – The transaction involves Italian-based companies and legal advisors.
Industry
- Banking – The article involves Banca Etica, a banking institution, in its acquisition of a stake in a savings management company.
- Asset Management – Impact sgr is a savings management company involved in the acquisition, highlighting the asset management aspect.
- Legal Services – Multiple legal firms are involved in facilitating the acquisition, showcasing the legal services sector.
Financials
- 70% – The percentage of stake acquired by Banca Etica in Impact sgr.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Banca Etica | Acquirer | Company | An Italian ethical banking institution acquiring a stake in Impact sgr. |
| Impact sgr | Target Company | Company | An Italian savings management company specializing in impact finance. |
| Orsingher Ortu | Legal Advisor | Company | Provided corporate and regulatory legal advice to Banca Etica in the acquisition. |
| Andpartners | Tax and Legal Advisor | Company | Provided tax advice for Banca Etica during the acquisition. |
| Freshfields | Legal Advisor | Company | Advised the sellers of Impact sgr during the acquisition. |