Azimut to buy remaining 49% of Kennedy Capital Management

Azimut has agreed to acquire the remaining 49% stake in U.S. small- and mid-cap equity manager Kennedy Capital Management, consolidating full ownership. The acquisition will be financed with cash from Azimut's Azimut NSI unit. Kennedy Capital will continue operating as a boutique within Azimut NSI, which manages over $20 billion in assets. The deal is expected to close later this year.