Azimut Invests in Kennedy Capital Management


November 28, 2022

On November 15, 2022, Azimut Group announced that it acquired a minority equity interest in Kennedy Capital Management Inc.

Under the terms of the transaction, Azimut Group (“Azimut”) announced that it will acquire a 35% equity interest in Kennedy Capital Management Inc. (“KCM”). Azimut will have the right to increase its stake to a majority interest over time and the parties have mutually agreed to a 10-year joint business plan. As part of the transaction, KCM will lead the growth of Azimut’s U.S. branch of public equity asset management. The deal is subject to standard regulatory review.

KCM, based in St. Louis is a boutique investment firm focused on small and mid-cap US domestic equity markets. KCM has $3.6 billion in assets under management. Berkshire Global Advisors acted as a financial advisor to KCM on the transaction.

Azimut, based in Milan, Italy, is a global investment firm that focuses on public equities, fixed income, private equity, private credit and venture capital. Azimut had over €85 billion in assets under management as of September 2022.

To read the press release: please click here.

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