Deals
Mediobanca to Buy Tech-Focused Advisory Boutique Arma Partners
- Transaction to increase overall fees at Italian bank by 10%
- Mediobanca joins peers in betting on capital-light business
The Mediobanca SpA headquarters in Milan, Italy.
Photographer: Camilla Cerea/BloombergThis article is for subscribers only.
Mediobanca SpA, Italy’s biggest publicly traded investment bank, agreed to buy technology-focused advisory firm Arma Partners LLP as part of its plan to boost higher-margin and capital-light businesses.
The Milan-based firm agreed to purchase London-based Arma in cash for an undisclosed price boosting Mediobanca’s overall fees by 10%, it said in an emailed statement on Thursday. The acquisition will have a “material impact on the corporate and investment fees pool, which is expected to increase by about 30%,” the bank said.