Hogan Lovells advises 21 Invest on the creation of a leading integrated pan-European platform dedicated to alternative asset management

Upon completion of the transaction, 21 Next will hold the entire share capital of Tages Capital SGR, 21 Invest SGR and 21 Invest France S.A.S.

Edizione S.p.A. will hold control of 21 Next S.p.A., while the remaining share capital of the latter will be held by the founding partners of the Tages Group and 21 Invest, as well as by the current senior managers of the two asset management companies and of 21 Invest France, who will reinvest in the share capital of 21 Next S.p.A. in order to ensure strategic continuity and alignment of interests with investors. Alessandro Benetton and Panfilo Tarantelli will serve as Chairman and CEO of 21 Next S.p.A., respectively.

The new group, which will initially manage €3 billion in assets, aims to reach €10 billion in assets under management in the coming years. It will have €500 million in seed capital, to be provided by Edizione to finance the launch of new funds. The closing of the transaction is subject to the necessary regulatory approvals and expected to take place in the summer of 2026.

The Hogan Lovells team that advised on the transaction was led by partner Luca Picone and included senior associates Martino Filippi and Francesco De Michele, and associate Paola Rossi.