On July 29, 2020, Azimut Holding SpA announced a minority investment in Seward & Kissel client Kennedy Lewis Investment Management LLC.
Pursuant to the agreement, Azimut Holding SpA (“Azimut”), through its subsidiary, Azimut Alternative Capital Partners, LLC (“AACP”) will acquire a non-controlling minority interest in Kennedy Lewis Investment Management LLC and certain of its affiliated entities (“Kennedy Lewis”). Terms of the deal were not disclosed. A Seward & Kissel team led by partners Craig Sklar, Gary Anderson, Jon Brose, counsel Julia Spivack, and associates Dora Pulido and Warren Samlin represented Kennedy Lewis in connection with the transaction.
Kennedy Lewis is an opportunistic private credit investment management firm. It is headquartered in New York and has $2.1 billion in assets under management and committed capital. Houlihan Lokey, Inc. served as financial advisor to Kennedy Lewis on the transaction.
Azimut is Italy’s largest independent asset manager, operating in public, private and emerging markets. It has over $65 billion in assets under management. AAPC was set up in November 2019 with the purpose of partnering with US-based alternative asset managers by providing them with permanent capital to grow and reach their greatest business potential. The Kennedy Lewis deal is the first transaction completed by AACP.
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