Italy’s Azimut to sell full stake in investment group Kennedy Lewis for $225 mln

Industry: Other 4 weeks ago

Azimut will sell all of its stake in private credit fund Kennedy Lewis to Goldman Sachs’ private equity unit Petershill Partners, the Italian asset manager said on Wednesday.

Under the deal, Azimut will sell its shareholding for an all-cash consideration of $225 million.

Azimut’s initial investment in Kennedy Lewis was $60 million, the statement added.

Source: Reuters.com

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