Azimut S p A : strengthens its expansion in Brazil with the acquisition of a majority stake in Unifinance Group

About this update from Azimut Holding Spa

PRESS RELEASE ‌Azimut strengthens its expansion in Brazil with the acquisition of a majority stake in Unifinance Group Milan and Rio de Janeiro, 19 January 2026 Azimut Group announces the acquisition of a majority stake in Unifinance Group , which has a strong presence in wealth management in the Ultra High Net Worth (UHNW) segment and significant penetration in the institutional clients segment (closed pension funds and insurance companies). The transaction aims to strengthen Azimut's presence in Brazil, reinforcing the Group's global strategy to expand in strategic markets, without losing focus on quality and long-term value creation. With this acquisition , which follows the one signed last December for the acquisition of Knox Capital 1 , Azimut enhances its ability to serve highly sophisticated clients in Brazil through an integrated model that combines local expertise, solid governance, and a global architecture. Unifinance Group, with offices in Rio de Janeiro and Santa Catarina, has a highly qualified team that, over its 20-year track record , has consolidated its commercial footprint by delivering tailored solutions to a highly sophisticated client base . As of end of 2025, Unifinance surpassed R$ 4.1 billion 2 (approximately € 640 million) in assets under advisory/management , supported by a long-standing client base built on excellence and alignment of interests. The integration with Azimut enhances client delivery through greater scale, a broader product offering, and strengthened processes, while keeping Unifinance's independence, culture, and investment process unchanged. The acquisition will be structured through the exchange of shares in Azimut Holding S.p.A., without any initial cash payment. It includes an earn-out mechanism linked to the achievement of predefined growth objectives. Giorgio Medda, CEO of Azimut Holding, states: "For over a decade, Brazil has been a key engine of growth and profitability for Azimut , anchored by a well-established and scalable platform. With the acquisition of Unifinance, following the recent agreement to acquire Knox Capital, we are taking another decisive step toward deepening our presence in this fast-growing market across both Wealth Management and the Institutional & Wholesale segment. As a result, Azimut will manage approximately R$ 60 billion (over € 9 billion) in Brazil , confirming its role as our third-largest market globally . This move reflects our long-term commitment to the country and is fully aligned with our Elevate 2030 strategic plan and our ability to scale in high-potential markets." Wilson Barcellos, CEO of Azimut Brasil Wealth Management, comments: "This acquisition is perfectly aligned with our strategic plan and our ambition to build an increasingly robust company in Brazil, operating in the sophisticated UHNW and Institutional Clients segments. Unifinance Group brings a highly qualified team and a culture of excellence in its commercial relationships, and we are very happy with the conclusion of this transaction." Thiago Coupey, Co-CEO of Unifinance Group, adds: "Unifinance has consolidated its reputation as one of the leading financial services firms serving institutional and UHNW clients. We are already recognized in the market for offering highly tailored solutions to sophisticated clients and, in this new phase, we gain a relevant strategic partner, while fully preserving our operational and strategic independence. Joining forces with Azimut, an independent group listed in Milan since 2004, represents a key step in our 20-year journey, providing access to a global platform with scale and cutting-edge technology." Completion of the transaction is subject to customary conditions and applicable regulatory approvals. Azimut and Unifinance Group will immediately begin the integration plan, focusing on business continuity, talent retention, and commercial acceleration, ensuring a safe transition for clients and partners. ‌1 Refer to the press release of 19 December 2025. ‌2 Of which approximately R$ 1.7 billion (about € 240 million) are invested in products of AZ Quest, an Azimut Group company. Azimut is an independent, global group specializing in asset management across public and private markets, wealth management, investment banking, and fintech, serving private and corporate clients. Listed on the Milan Stock Exchange (AZM.IM), the Group is a leading player in Italy and operates in 20 countries worldwide, with a focus on emerging markets. The shareholder structure includes approximately 2,000 managers, employees, and financial advisors bound by a shareholders' agreement that controls around 21% of the company. The Group comprises a network of companies active in the management, distribution, and promotion of financial and insurance products, with registered offices in Italy, Australia, Brazil, Chile, China and Hong Kong, Egypt, Ireland, Luxembourg, Morocco, Mexico, Monaco, Portugal, Saudi Arabia, Singapore, Switzerland, Taiwan, Turkey, the United Arab Emirates and the United States. Contacts - Azimut Holding S.p.A. https://www.azimut-group.com Investor Relations Alex Soppera, Ph.D. Tel. +39 02 8898 5671 E-mail: [email protected] Media Relations Viviana Merotto Tel. +39 338 74 96 248 E-mail: [email protected] Claudia Zolin Tel. +39 02 8898 5115 E-mail: [email protected] Maria Laura Sisti Tel. +39 347 42 82 170 E-mail: [email protected] 2

View stock analysis, news, and events for Azimut Holding Spa