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Unquote
  • Expansion

ITALY – BS Private Equity sells 20% to Banca Leonardo

  • Francinia
  • 21 May 2008
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Gruppo Banca Leonardo has acquired a 20% stake in BS Private Equity (BSPE), with the option of acquiring the remaining stake in the future. BSPE will remain independent and will continue to be headed by its managing partners Antonio Perricone, Paolo Baretta and Francesco Sironi.

The deal takes place before the launch of Italian Private Equity Fund V, targetting approximately EUR 600m, which, unlike its predecessor funds, will be open to Italian investors. Gruppo Banca Leonardo and the partners of BS Private Equity will each commit EUR 20m to the new fund for a total commitment equal to EUR 40m.

The deal is aligned with Banca Leonardo’s strategy, centred on the creation of a European platform specialised in investment banking & corporate finance, wealth management and private equity.

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