Italian asset management firm Nextalia has raised more than 500 million euros ($564.5 million) in the first close of its newly launched private equity fund focused on mid-market deals in the euro zone's third-largest economy.
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LONDON (Reuters) - Former Mediobanca dealmaker Francesco Canzonieri has secured regulatory approval to launch a new buyout fund that will invest in mid-sized Italian companies, betting on a rebound in the euro zone’s third biggest economy from the COVID-19 crisis.
Francesco Canzonieri poses at Nextalia s headquarters in Milan, Italy in June 2021. FEI/ Nextalia SGR/Handout via REUTERS
Canzonieri’s Nextalia has received the green light from the Bank of Italy to manage so-called alternative closed-end investment funds and will make its debut on Italy’s private equity scene as a “società di gestione del risparmio” (SGR) - the main vehicle used for private equity funds in Italy.
Ex Mediobanca star banker gets regulatory nod for Italian buyout fund reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.