Green Arrow Capital has agreed to acquire the alternative investment arm of Italy’s De Agostini Group, marking the Italian firm’s exit from the sector after a 15-year run, as part of a wider portfolio reshuffle, according to a report by Reuters.
The deal covers DeA Capital Alternative Funds SGR, which manages private equity strategies focused on impaired assets. De Agostini will retain its real estate asset management operations.
The transaction follows a competitive sale process run by De Agostini in recent months. Financial terms were not disclosed. The deal remains subject to regulatory approval.
Following completion, Green Arrow will oversee €6bn in fee-earning assets under management across 32 funds. The firm’s team will grow to 167 professionals, including 80 from DeA Capital Alternative Funds.
Founded 124 years ago, De Agostini has transitioned from a geography-focused publisher to a diversified investment group, with holdings spanning media production company Banijay and premium chocolate brand Venchi.
