Allfunds Group plc (ENXTAM:ALLFG) agreed to acquire 65% stake in Mainstreet Capital Partners Limited on July 29, 2022. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the coming months. Rodolfo Fracassi who will remain as CEO of MainStreet, will keep a 25%
shareholding in the company. Banca Generali, a longstanding client of MainStreet and Allfunds, will own a 10% through a strategic partnership, providing a strong and complementary shareholding structure. The transaction, which has been funded through the Allfunds Group revolving credit facility, will be EPS accretive since year 2 and envisages a path to full control by Allfunds in the next 3 to 5 years.