Lincoln International reinforced its position as a global leader with the buyout of Rondelli Advisers, a Milan-based advisory group dedicated to lending its expertise to mergers and acquisitions (M&A) activities. No financial details were disclosed though.
The acquisition only boosted the international footprint of Lincoln, which presently has offices in Europe, Asia, South and North America. The company currently employs over 300 investment experts worldwide. Meanwhile, Rondelli's founder Saverio Rondelli will stay as the new CEO for Lincoln-Italy.
The CEO called the agreement as a "win-win for both parties." Rondelli said "Lincoln International's fully-integrated global platform is unique to the mid-market and creates an unparalleled opportunity for our clients."
Jim Lawson, Lincoln International chairman, recognized the market potential of Italy and it is the major reason why they went ahead with the acquisition.
With the deal, Lincoln was "able to acquire a team of high quality, experienced investment bankers who can help facilitate additional cross-border activity between Italian clients and the clients currently served by the rest of the Lincoln International organization," Lawson said.
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