Hogan Lovells Advises 21 Invest on Creation of Integrated Pan‑European Alternative Asset Management Platform

Hogan Lovells advised 21 Invest in its agreements with Edizione S.p.A. and Tages Group to establish 21 Next S.p.A., a leading integrated pan‑European platform in the alternative asset management sector. The transaction provides for the creation of 21 Next S.p.A. as the controlling holding operating in Alternative Asset Management, with a focus on private equity, infrastructure, private debt and venture capital. Upon completion, 21 Next will own 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 will be held by the founding partners of the Tages Group and 21 Invest, together with the current senior managers of the two asset management companies and of 21 Invest France. Those managers will reinvest in 21 Next 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 will initially manage approximately €3 billion in assets and aims to reach €10 billion in assets under management in the coming years. Edizione will provide €500 million in seed capital to finance the launch of new funds. The closing of the transaction is subject to the necessary regulatory approvals and is expected to take place in the summer of 2026. Hogan Lovells represented 21 Invest with a team composed by: partner Luca Picone; senior associates Martino Filippi and Francesco De Michele; and associate Paola Rossi.

Hogan Lovells Advises 21 Invest on Creation of Integrated Pan‑European Alternative Asset Management Platform

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