Azimut has bought Epic’s fintech business and launched the newco Azimut Direct. The newco will be 50.1% owned by Azimut and 49.9% by Epic. Completion of the transaction, which will be subject to regulatory approval, is expected during the first half of 2021.
Azimut Direct’s objective is to support the growth and development of Italian SMEs, through joint consultancy, structuring and placement of alternative finance instruments with qualified institutional and private investors. The newco will be to all intents and purposes a marketplace for the real economy at the service of Italian SMEs to meet their needs for extraordinary finance, operating in the field of credit mediation and securities-based crowdfunding reserved for qualified investors.
Read more about the partnership between Azimut and Epic and find other important business news with the Born2Invest mobile app.
Azimut Direct capitalizes on Epic’s fintech experience
Azimut Direct’s business plan is functional to the Azimut Group’s strategic objective of creating a broad ecosystem in support of the Italian economy, within which a marketplace of companies and investors can be developed, enabling funds and other professional investors to get to know, select and finance the most deserving SMEs.
Azimut Direct capitalizes on Epic’s fintech experience, which combines structured finance capabilities with IT processes of corporate analysis and distribution, with the potential synergies that can be extracted with the help of the technology developed by Azimut Capital Tech, created following the partnership signed in April 2020 with the fintech company Borsa del Credito.
With the investment in Azimut Direct, Azimut accelerates the development of the Synthetic Bank project with the aim of providing loans to Italian SMEs for $1.46 billion (€1.2 billion) in the period 2021-2025, thanks to the alternative credit product range, which has been enriched in recent weeks by 2 new innovative funds: the Eltif Pir Digital Lending, a strategy focused on state-guaranteed loans and trade credits invested through fintech platforms;
the Private Debt Multistrategy alternative investment fund, a private debt strategy with the benefits of high diversification between performing assets, non-performing assets, direct lending and special situations.
Pietro Giuliani, Chairman of the Azimut Group, explained: “The asset management industry is evolving in its ability to act as an alternative to the traditional banking model in financing Italian small and medium-sized enterprises. The use of technology enables us to create new opportunities for returns on our clients’ patient capital, which are deployed in business financing activities that in turn benefit from our managers’ understanding of their needs and fast disbursement times. This new project allows us to increase our product offerings in the private markets segment, an asset class that is increasingly fundamental within client portfolios to generate positive performance in the medium to long term”.
Andrea Crovetto, CEO of Epic, added: “This mission requires method, specialization and rapid responses. In Italy alone, we have over 3 thousand billion billion in private managed savings, which will have an ever-increasing share invested in the real economy, also thanks to technologies and professionals who follow the best standards of investment analysis. The strong growth figures for 2020 testify to the maturity of Italian fintech, which has collaborated well with the world of traditional finance, guaranteeing immediate and simple solutions. The strategic partnership between Azimut and Epic fits into this context.”
Epic is the real economy marketplace, specializing in minibonds, direct lending, private equity and club deals. Epic’s fintech platform facilitates the meeting between Italian SMEs and a selected audience of qualified institutional and private investors. Through its fintech platform, Epic acts as an independent intermediary between companies and investors and offers, in a transparent way and at contained costs, to the former the possibility of finding capital for their own medium-long term growth projects, and to the latter a new asset class to optimize the return on their portfolios.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Virtual Reality in Exposure Therapy: XRApplied Making it a Reality
Virtual Reality is notoriously good at tricking our brains into believing that what we’re seeing is real. In fact, VR...
Cashewrella Launches Crowdfunding Campaign for New Vegan Cheese Alternatives
The crowdfunding campaign will start in October and will be handled via the CrowdDesk platform. Cashewrella aims to raise one...
Inveready and Gaea Earmark €7 Million to Promote 53Biologics
Through this investment, Gaea and Inveready will support BDI in its organic and inorganic growth, in order to consolidate growth...
To Sustain Recovery, Businesses Need to Shore Up Cash Flow Management
CFOs from various industries say they’re prioritizing business continuity and resiliency. As a result, nearly two-thirds say they’re working diligently...
Why You Need Both a Property Manager and an Asset Manager for Your Investment Properties
Now is a great time to invest in rental homes. However, once the check has cleared on a new rental...
Cannabis2 weeks ago
Thailand Plans to Reap the Benefits of Cannabis Exports
Featured2 weeks ago
CRIF Invests in the Fintech Company Know Your Customer and Signs Strategic Partnership
Crypto2 weeks ago
Lesser-Known Digital Tokens to Outperform Bitcoin and Ethereum
Featured2 weeks ago
Ener2crowd Exceeds 3 Million and Becomes a Benefit Company