The move marks a major expansion of the family's private markets strategy. Alessandro Benetton, who will chair 21 Next, said the aim is to triple assets under management to '10bn within five years. Tages co-founder Panfilo Tarantelli will lead the firm as chief executive. Edizione will commit '500m of seed capital to the new platform. Benetton said private capital is undergoing a structural transition, noting that the days of buyout firms relying on leverage to deliver returns are over. He said that delivering value now requires deeper operational expertise, an area in which Edizione has long experience. The merger comes as private capital firms across Europe seek scale and consolidation opportunities. Benetton said 21 Next plans to expand both organically and through further acquisitions as technology disruption and AI reshape value creation in the industry. The Benetton family has reoriented its 60-year-old business away from retail and towards infrastructure over the past two...
learn more
