Neuberger Berman and Intesa Sanpaolo’s Italy venture

Il Duomo MilanAsset manager Neuberger Berman has formed a strategic partnership with Italian bank Intesa Sanpaolo to make private equity investments in Italian companies.

Marco Cerrina Feroni and Fabio Canè, who previously led Intesa Sanpaolo’s merchant banking and private equity operations, and several members of their team, have joined Neuberger Berman together with Stefano Bontempelli, a former managing director at Neuberger Berman’s European private equity business, who has rejoined the firm.

The three senior partners and their team will continue to be based in Milan and they will be part of the global private equity division headed by Anthony Tutrone, global head of Neuberger Berman private equity.

Intesa Sanpaolo, one of Italy’s leading banks, and Neuberger Berman made a strategic agreement on April 21, 2015.

Gaetano Miccichè, Intesa Sanpaolo general manager and head of corporate and investment banking, says: “The partnership with Neuberger Berman allows Intesa Sanpaolo to meet its strategic objectives while continuing to maintain an indirect presence in private equity and a source of capital to the economy.”

©2015 funds europe