Banca Leonardo to acquire BS Private Equity?

January 4, 2008

If the market grapevine is to be believed, Banca Leonardo which is a boutique investment bank has plans of taking a 20% to 25% equity stake in BS Private Equity which unlike Banca Leonardo is not a boutique investment bank but a full fledged midmarket Investment Bank. Both Banca Leonardo and BS Private Equity are based out of Italy. After taking the proposed 20 to 25% stake in BS Private Equity, Banca Leonardo is likely to have an option to buy the remaining stake of BS Private Equity within a period of 2 years from the date the contract is signed.

Banca Leonardo was started just two years ago and has seen rapid progress and has become one of the leading Investment Banks operating out of Italy. Banca Leonardo was founded by the famous Italian banker Gerardo Braggiotti. With the Italian economy booming, the private equity and venture capital industry in Ital is doing extremely well.

Posted in Italian Private Equity