JZI Europe has acquired a majority stake in Previnet SpA from its founding institutional shareholders, Generali, Unipol and Banca Intesa, and has agreed a call option in order to acquire the remaining share capital. Financial details have not been disclosed.
JZI Europe is the European private equity arm of the Jordan Company of Chicago, USA.
Previnet SpA is a provider of outsourced financial administration services to pension funds, insurance companies, banks and financial product houses.
Oaklins' team in Italy advised the buyer in this transaction.
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