Italy's Azimut buys Chigago-based North Square Investments in $165 mln deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 22 2025
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Source: Reuters
Acquisition Details: Italian asset manager Azimut has signed a binding agreement to acquire North Square Investments for an enterprise value of $165 million, with payments structured in cash and shares over several years.
Market Impact: The acquisition will combine NSI with Azimut's existing stake in Kennedy Capital Management, creating a firm with approximately $20 billion in assets under management, and is expected to boost Azimut's recurring net profit by around 5% within the first year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
