Investment Summary

Atlas Merchant Capital Exits illimity Bank

On January 8, 2025, Banca IFIS invested in financial services company illimity Bank from Atlas Merchant Capital for 299M EUR

Investment Highlights
  • This is Banca IFIS’s 1st transaction in the Financial Services sector.
  • This is Banca IFIS’s largest (disclosed) transaction.
  • This is Banca IFIS’s 1st transaction in Italy.

Investment Summary

Date 2025-01-08
Target illimity Bank
Sector Financial Services
Investor(s) Banca IFIS
Sellers(s) Atlas Merchant Capital
Deal Type Add-on Acquisition
Deal Value 299M EUR

Target

illimity Bank

Milan, Italy
illimity Bank is an Italian financial services firm focused on the small-to-medium enterprise and non-performing loan markets, as well as retail digital banking services. illimity Bank is based in Milan, Italy.

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Investor(S) 1

Investor

Banca IFIS

Mestre, Italy

Category Company
Founded 1983
Sector Financial Services
Employees1,906
Revenue 607M EUR (2024)
DESCRIPTION

Banca IFIS is a provider of financial services with main areas of business involving credit services and solutions for enterprises and the acquisition/management of non-performing loan portfolios. Banca IFIS was founded in 1983 and is based in Mestre, Italy.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

DESCRIPTION

Atlas Merchant Capital LLC is an operationally oriented private investment group focused on the financial services sector. Atlas Merchant Capital was formed in 2013 and is headquartered in New York City.


DEAL STATS #
Overall 5 of 5
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Italy M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 Somerset Reinsurance

Pembroke, Bermuda

Somerset Reinsurance is a provider of reinsurance solutions for asset-intensive life insurance and annuity businesses, helping its clients manage capital efficiency and improve their financial results. Its solutions include programs for new business flow and management of legacy blocks of life insurance and annuities. Somerset Reinsurance is based in Pembroke, Bermuda.

Sell -