Sidley represented Azimut Alternative Capital Partners LLC (AACP), the U.S. subsidiary of Azimut Group, in its acquisition of a minority equity interest in private equity investment firm BroadLight Capital (BroadLight). This transaction will invest growth capital into the business, driving the long-term value.
AACP was established in 2019 to provide private market-focused alternative asset managers with permanent capital to grow and reach their potential. This transaction is their fourth, following deals in 2020 and 2021.
The Sidley team was led by Investment Funds partner Joseph Schwartz, with assistance from managing associate Daniel J. Applebaum and associate Elizabeth (Beth) A.G. Jones.