Anima IPO pricing gives firm €1.26bn market cap

According to the firm, demand exceeded the size of the offer by around 5.4x. 

The firm is expected to float around 55% of its shares, which will begin trading in Milan on 16 April. Goldman Sachs, UBS, Banca IMI and Unicredit are joint bookrunners on the offering. 

Clessidra holds the firm via Clessidra Partners II, alongside banks Monte dei Paschi di Siena and Banco Popolare di Milano.

The GP first backed asset management firm Prima in 2009, taking a 67% stake in the firm with Monte dei Paschi retaining the balance of shares. In 2010, the firm launched a strategic alliance with Anima to create the largest asset manager in Italy.

At the time of the deal, Prima and Anima were valued at €646m and €413m respectively. Following the transaction, Clessidra held a 38.11% stake in the firm through the Lauro Quarantadue holding; Monte dei Paschi held a 23.44% stake and Banco Popolare di Milano retained 36.30%. Anima currently has €46.6bn in assets under management and around a million customers.

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