Azimut’s Investment in Sanctuary Wealth

Latham & Watkins represented Azimut in the transaction.

Azimut Group, one of Europe’s largest independent asset managers, has signed an agreement to make a significant equity investment in Sanctuary Wealth.

Azimut, headquartered in Milan, Italy, is a publicly traded, global, independent investment manager with $67 billion in assets under management.

Sanctuary Wealth is the advanced platform for the next generation of elite advisors, who have the entrepreneurial spirit to build and own their own practices and desire the freedom to deliver the tailored service their clients deserve. Currently, the Sanctuary Wealth network includes 41 partner firms across 17 states with over $12.0 billion in assets under advisement.

Latham & Watkins LLP represented Azimut in the transaction with a corporate deal team led by New York partner Alex Kelly (Picture) and Milan partner Antonio Coletti, with associates Owen Alexander and Vi Thai Tran. Advice was also provided on tax matters by New York partner Matthew Dewitz, with associate Shruti Hazra; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with associate Nikhil Kumar; on intellectual property matters by New York counsel Carrie Girgenti, with associate Max Miroff; and on regulatory matters by New York partner Stephen Wink, Chicago partners Nabil Sabki and John Sikora, and Chicago counsel Laura Ferrell, with associates Naim Culhaci, Jackie Rugart, and Daniel Filstrup.

Involved fees earner: Owen Alexander – Latham & Watkins; Antonio Coletti – Latham & Watkins; Alexandra Croswell Kelly – Latham & Watkins; Naim Culhaci – Latham & Watkins; Matthew Dewitz – Latham & Watkins; Laura Ferrell – Latham & Watkins; Carrie Girgenti – Latham & Watkins; Shruti Hazra – Latham & Watkins; Adam Kestenbaum – Latham & Watkins; Nikhil Kumar – Latham & Watkins; Max Miroff – Latham & Watkins; Jacqueline Marie Rugart – Latham & Watkins; Nabil Sabki – Latham & Watkins; John Sikora Jr. – Latham & Watkins; Vi Thai Tran – Latham & Watkins; Stephen Wink – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Azimut Holding;

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Author: Ambrogio Visconti