• Azimut agreed to buy the remaining 49% of Kennedy Capital Management, taking full ownership of the U.S. small- and mid-cap equity manager.
• The purchase will be funded in cash through Azimut’s Azimut NSI unit, with earn-out mechanisms tied to closing conditions.
• Kennedy Capital will continue operating as a boutique within Azimut NSI, the U.S. platform built around North Square Investments.
• Azimut NSI assets under management rose to over USD 20 billion from USD 18.3 billion since consolidation in early 2026.
• Closing is expected later this year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Azimut Holding S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 0718-36-2026_TELEBORSA.pdf), on September 21, 2026, and is solely responsible for the information contained therein.