Equita Capital Acquires 70% Stake in CAP Advisory, Rebranding as EQUITA Debt Advisory
Deal News | May 07, 2025 | Equita Capital Sgr SPA
Equita Capital Sgr SPA has finalized the acquisition of a 70% stake in CAP Invest S.r.l., the sole owner of CAP Advisory, a significant move that aims to bolster Equita's Investment Banking division. The acquisition was valued at 6 million, implementing a 9x price-to-earnings ratio based on adjusted net profits for 2022-2024, with the payment structured as two-thirds cash and one-third in Equita's treasury shares. The remaining 30% stake is tied to put-and-call options exercisable from June 2028. CAP Advisory will be rebranded as EQUITA Debt Advisory, maintaining its focus on debt advisory and corporate finance. Key figures, including Fabrizio Viola and Fabio Cassi, will take on senior roles within the expanded structure, facilitating continued growth and integration within Equita’s broader objectives.
Sectors
- Financial Services
- Investment Banking
Geography
- Italy – EQUITA, being a key investment bank in Italy, and CAP Advisory both operate within the Italian financial markets.
Industry
- Financial Services – The acquisition involves companies providing corporate finance advisory and investment banking services.
- Investment Banking – The deal signifies an expansion of EQUITA’s investment banking and debt advisory functions through CAP Advisory.
Financials
- 6.0 million – Total consideration for the 70% stake in CAP Advisory, based on a 9x price-to-earnings ratio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQUITA Capital Sgr SPA | Bidding Company | Company | EQUITA is a leading independent investment bank in Italy. |
| CAP Invest S.r.l. | Target Company | Company | CAP Invest is the holding company owning CAP Advisory, which specializes in corporate finance and debt advisory. |
| CAP Advisory S.r.l. | Target Company | Company | A financial boutique offering corporate finance and debt advisory services. |
| Fabrizio Viola | Chairman of EQUITA Debt Advisory | Person | Founder of CAP Advisory and senior advisor to EQUITA. |
| Fabio Cassi | CEO of EQUITA Debt Advisory | Person | Founder of CAP Advisory and newly appointed senior advisor to EQUITA. |
| Matteo Pattavina | Co-founder of CAP Advisory | Person | Co-founder involved in the company's strategic activities. |