AI assistant
Illimity Bank S.p.A. M&A Activity 2025
4373_rns_2025-01-22_1215d8fa-e0d3-49ad-979b-6db909626043.pdf
M&A Activity
Open in viewerOpens in your device viewer
ILLIMITY ANNOUNCES THE APPOINTMENT OF ITS ADVISORS
Milan, 22 January 2025 – illimity Bank S.p.A. ("illimity" or the "Bank"), recalling what was already communicated on 10 January 2025 regarding the voluntary public purchase and exchange offer announced by Banca Ifis on 8 January 2025, communicates that, also following the active involvement of the independent directors, the Board of Directors has appointed as financial advisors Jefferies and Wepartners and, as legal consultants, the firms Gatti Pavesi Bianchi Ludovici (GPBL), Cappelli Riolo Calderaro Crisostomo Del Din & Partners (CRCCD) and the firm of Prof. Avv. Andrea Zoppini.
Therefore, also with the support of the advisors, the illimity Group's activities continue as announced, without neglecting any strategic option that could contribute to the objective of creating value for the shareholders and all the Bank's stakeholders.
For additional information:
Investor Relations & Sustainability Fabio Pelati +39.335.7853370 – [email protected]
Ufficio Stampa & Comunicazione illimity
Vittoria La Porta, Elena Massei [email protected]
Ad Hoc Communication Advisors Valentina Zanotto +39 335 141 5575 Simona Di Nicola +39 335 141 5578 [email protected]
illimity is the high-tech banking group founded and headed by Corrado Passera that was created with the aim of responding to specific market needs by way of an innovative and specialist business model. Specifically, illimity provides credit to high-potential SMEs, integrating the entire value chain of credit management: investment, financing, and servicing, the latter managed through ARECneprix, its own asset management and structuring platform. It also offers direct digital bank services through illmitybank.com. Part of the Group is also illimity SGR, which establishes and manages three Alternative Investment Funds to support institutions and companies, both in the UTP area and in Private Capital. The illimity Group's story began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A. This was followed by successful fundraising, with a record €600 million being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., resulting in the merger of the two entities to form "illimity Bank S.p.A.", which was listed on the Italian Stock Exchange on 5 March 2019 (ticker "ILTY"). It was first traded on the MTA exchange and has been listed on the STAR segment since September 2020. The banking group, headquartered in Milan, employs 920 people and has assets of approximately €8.3 billion as of 30 September 2024.