On July 22, 2025, North Square Investments announced its agreement to be acquired by Azimut Group.
North Square Investments (“North Square”) announced, on July 22, 2025, its agreement to be acquired by Azimut Group (“Azimut”). As part of the agreement, Kennedy Capital Management, an Azimut company, will become a subsidiary of North Square, which in turn will be renamed Azimut NSI. The transaction is expected to close in early 2026 subject to regulatory approvals and customary closing conditions.
Azimut (AZM.IM), based in Milan, Italy, is a global investment firm that focuses on public equities, fixed income, private equity, private credit and venture capital. Azimut has over €111 billion in assets under management.
North Square, based in Chicago, is a registered investment advisor specializing in active management strategies across public equities, fixed income, alternatives, and multi-asset portfolios. As of June 2025, North Square had more than $2.6 billion in assets under management. Piper Sandler & Co. served as exclusive financial advisor to North Square.
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