Azimut to take majority stake in Brazilian wealth manager Unifinance

Azimut Group has agreed to get a bulk involvement successful Brazil-based wealthiness absorption steadfast Unifinance Group, further extending its beingness successful the market.

In a statement, Azimut described Unifinance arsenic having a “strong” presumption successful wealthiness absorption for the ultra-high-net-worth (UHNW) category.

The Italian plus manager besides outlined Unifinance’s “significant” scope among organization clients, including closed pension funds and security companies.

The woody volition beryllium executed via a stock swap successful Azimut Holding, with nary upfront currency component.

It besides includes an earn-out operation tied to the transportation of acceptable maturation targets.

The parties person not disclosed the fiscal presumption of the deal.

Azimut said the acquisition aligns with its broader strategy of increasing successful “strategic” markets.

Unifinance operates from offices successful Rio de Janeiro and Santa Catarina.

Its assets nether advisory and absorption exceeded 4.1bn reais ($764.2m) arsenic of the extremity of 2025.

Azimut said that the operation is expected to amended work to clients by expanding scale, expanding the merchandise scope and reinforcing interior processes.

The institution emphasised that Unifinance’s independence, firm civilization and concern methodology volition beryllium preserved pursuing the transaction.

The woody is contingent connected modular closing conditions and regulatory clearances.

While approvals are pending, Azimut and Unifinance program to statesman integration work, with priorities including maintaining continuity for clients, retaining cardinal professionals and accelerating commercialized initiatives.

The latest woody builds connected Azimut’s acquisition of a bulk involvement successful Brazilian wealthiness advisory steadfast Knox Capital, focused connected serving backstage and UHNW clients.

Azimut holds 50% positive 1 stock successful Knox, with the second present trading nether the Azimut Knox brand.

Azimut Holding CEO Giorgio Medda said: “With the acquisition of Unifinance, pursuing the caller statement to get Knox Capital, we are taking different decisive measurement toward deepening our beingness successful this fast-growing marketplace crossed some Wealth Management and the Institutional & Wholesale segment.

“As a result, Azimut volition negociate astir R$ 60 cardinal (over € 9 billion) successful Brazil, confirming its relation arsenic our third-largest marketplace globally. This determination reflects our semipermanent committedness to the state and is afloat aligned with our Elevate 2030 strategical program and our quality to standard successful high-potential markets.”

"Azimut to instrumentality bulk involvement successful Brazilian wealthiness manager Unifinance" was primitively created and published by Private Banker International, a GlobalData owned brand.