Azimut Group (Azimut), one of Europe’s largest independent asset managers, through its subsidiary Azimut US Holdings, has announced that it has signed an agreement to acquire a 35% stake in Kennedy Capital Management Inc. (KCM), an independent asset manager specializing in small and mid cap US equities. KCM is led by senior portfolio managers and analysts with a long track record in US equities and serves mostly institutional and HNW clients.

Latham & Watkins LLP represents Azimut in the transaction with a corporate deal team led by New York partner Alex Kelly and Chicago partner Owen Alexander, with associates Edward Brennan, Henna Jalal, and Elizabeth Jeffers. Advice was also provided on tax matters by New York partner Matthew Dewitz, with associate Lukas Kutilek; on regulatory matters by Chicago partner Laura Ferrell, with associate Daniel Filstrup and Haley Hohensee; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum and Houston counsel Krisa Benskin, with associate Dane Rebkowec; on intellectual property matters by New York counsel Carrie Girgenti, with associate Dewey Kang; and on data privacy matters by Bay Area partner Robert Blamires, with associate Adriana Beach.