Latest news with #Azimut
Reuters
22-07-2025
- Business
- Reuters
Italy's Azimut buys Chigago-based North Square Investments in $165 mln deal
MILAN, July 22 (Reuters) - Italian asset manager Azimut ( opens new tab said on Tuesday it had signed a binding accord to buy North Square Investments (NSI) in a cash-and-share deal giving the U.S. peer an enterprise value of $165 million. Azimut, which is carrying out the deal through its U.S. arm Azimut US Holdings, said it would pay $60 million at closing and a further $50 million over the following four years. The price tag could reach $160 million when including earn-out mechanisms and management incentives, it said, adding it would pay partly in cash and partly through shares in Milan-listed Azimut Holding. Azimut said it would contribute its 51% stake in Kennedy Capital Management as part of the deal and combine the Missouri-based asset manager, which has $4.5 billion in assets under management (AUMs), with NSI to create a player with around $20 billion in AUMs. The transaction cements the role of the U.S. market as Azimut's second biggest after Italy with a total of consolidated pro-forma AUMs of $50 billion. Azimut estimated the deal would increase its recurring 2024 net profit, calculated without the contribution from the TNB (The New Bank) spin-off, by around 5% within the first 12 months. NSI plans to launch seven active exchange traded funds for U.S. retail investors during the first year, Azimut said. Azimut is buying 100% of NSI, which originated through a hiving off of assets from Oak Ridge Investments, from private equity firm Estancia Capital Partners and other shareholders.
NZ Autocar
23-06-2025
- Automotive
- NZ Autocar
Lada shows off first new model in 10 years and it looks okay
The Azimut is the Russian brand Lada's first new SUV design since the late 1990s. It is also the first new model launch from the brand since 2015, although under the skin it uses car mechanicals. For Kiwi Lada fans, expect to see none of them here any time soon because of sanctions related to Russia's invasion of Ukraine. Azimut is the first Lada SUV since the second-generation Niva launched in 1998. It is only the third production SUV in the company's history. Despite its contemporary appearance, beneath the sheetmetal is the running gear of the Lada Vesta small car. And that was Lada's last new release, debuting 10 years ago. The Azimut is 4416mm long and rides on a 2675mm wheelbase so it is similar in size to a Corolla Cross. It takes after the 2018 Lada Vision concept, featuring the same high bonnet and lateral belt lines. Lada Vision Concept But it looks modern with its slim LED lighting signatures. A black roof with a silver D-pillar matches the silver trim on the sills and bumpers. It will be available with two naturally-aspirated four-cylinder petrol engines, outputting 89 and 98kW from 1.6 and 1.8-litre displacements, respectively. Transmission options are a six-speed manual or CVT. A 1.5T engine from an outside unspecified source (likely to be Chinese) will join the range later. Azimut will be front-wheel drive only, with no plans for an all-wheel drive version. The interior includes a six-speaker stereo, keyless entry, and a reversing camera. Safety items include ABS brakes, stability control, and two airbags. Other safety or convenience items are reserved for higher level models or are cost options. Production is set for next year.
The Advertiser
20-06-2025
- Automotive
- The Advertiser
Lada Azimut: Russian brand's first new model in a decade unveiled
Lada launched the Azimut SUV this week, its first new model since the invasion of Ukraine and Renault's sale of the automaker back to Russian hands for a single ruble. The Azimut boasts a thoroughly modern design with plenty of sharp creases, including the Russian brand's signature creases above the wheel arches. It's unclear how much of the design was completed prior to Renault's sale in 2022, but the Azimut is based on the platform developed by Renault for the Vesta sedan, which was launched in 2015. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Measuring 4.42m long and with a 2.68m wheelbase, the Azimut is practically the same size as a Toyota Corolla Cross. The Azimut has 208mm of ground clearance, but is a front-wheel drive-only proposition. Like the Vesta, the Azimut is available with a 89kW 1.6-litre or 98kW 1.8-litre four-cylinder petrol engine mated to either a six-speed manual or a continuously variable transmission. A turbocharged 112kW motor is planned for the future. While the Azimut's mechanical basis is at least a decade old, the interior is full of features never seen before in a Lada, including a digital instrument cluster, 10.0-inch infotainment touchscreen, and a voice assistant. Other available features include a heated windscreen and side windows, keyless entry, 18-inch alloy wheels, 360-degree camera system, panoramic glass roof, wireless smartphone charging, electric tailgate and handbrake, and dual-zone climate control. The Azimut will reportedly go on sale in Russia later this year. For the Azimut, the automaker says it developed 966 new parts. Until the war in Ukraine, Renault owned a 66 per cent stake in Avtovaz, Lada's parent company, and was about to integrate the brand more closely with its other budget-conscious marque, Dacia. Thanks to an international banking ban, and restriction of most trade with the country, Western automakers abandoned the Russian market, selling up to local investors for nominal amounts. Since then used imports and Chinese manufacturers have gained a large foothold in the country. Content originally sourced from: Lada launched the Azimut SUV this week, its first new model since the invasion of Ukraine and Renault's sale of the automaker back to Russian hands for a single ruble. The Azimut boasts a thoroughly modern design with plenty of sharp creases, including the Russian brand's signature creases above the wheel arches. It's unclear how much of the design was completed prior to Renault's sale in 2022, but the Azimut is based on the platform developed by Renault for the Vesta sedan, which was launched in 2015. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Measuring 4.42m long and with a 2.68m wheelbase, the Azimut is practically the same size as a Toyota Corolla Cross. The Azimut has 208mm of ground clearance, but is a front-wheel drive-only proposition. Like the Vesta, the Azimut is available with a 89kW 1.6-litre or 98kW 1.8-litre four-cylinder petrol engine mated to either a six-speed manual or a continuously variable transmission. A turbocharged 112kW motor is planned for the future. While the Azimut's mechanical basis is at least a decade old, the interior is full of features never seen before in a Lada, including a digital instrument cluster, 10.0-inch infotainment touchscreen, and a voice assistant. Other available features include a heated windscreen and side windows, keyless entry, 18-inch alloy wheels, 360-degree camera system, panoramic glass roof, wireless smartphone charging, electric tailgate and handbrake, and dual-zone climate control. The Azimut will reportedly go on sale in Russia later this year. For the Azimut, the automaker says it developed 966 new parts. Until the war in Ukraine, Renault owned a 66 per cent stake in Avtovaz, Lada's parent company, and was about to integrate the brand more closely with its other budget-conscious marque, Dacia. Thanks to an international banking ban, and restriction of most trade with the country, Western automakers abandoned the Russian market, selling up to local investors for nominal amounts. Since then used imports and Chinese manufacturers have gained a large foothold in the country. Content originally sourced from: Lada launched the Azimut SUV this week, its first new model since the invasion of Ukraine and Renault's sale of the automaker back to Russian hands for a single ruble. The Azimut boasts a thoroughly modern design with plenty of sharp creases, including the Russian brand's signature creases above the wheel arches. It's unclear how much of the design was completed prior to Renault's sale in 2022, but the Azimut is based on the platform developed by Renault for the Vesta sedan, which was launched in 2015. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Measuring 4.42m long and with a 2.68m wheelbase, the Azimut is practically the same size as a Toyota Corolla Cross. The Azimut has 208mm of ground clearance, but is a front-wheel drive-only proposition. Like the Vesta, the Azimut is available with a 89kW 1.6-litre or 98kW 1.8-litre four-cylinder petrol engine mated to either a six-speed manual or a continuously variable transmission. A turbocharged 112kW motor is planned for the future. While the Azimut's mechanical basis is at least a decade old, the interior is full of features never seen before in a Lada, including a digital instrument cluster, 10.0-inch infotainment touchscreen, and a voice assistant. Other available features include a heated windscreen and side windows, keyless entry, 18-inch alloy wheels, 360-degree camera system, panoramic glass roof, wireless smartphone charging, electric tailgate and handbrake, and dual-zone climate control. The Azimut will reportedly go on sale in Russia later this year. For the Azimut, the automaker says it developed 966 new parts. Until the war in Ukraine, Renault owned a 66 per cent stake in Avtovaz, Lada's parent company, and was about to integrate the brand more closely with its other budget-conscious marque, Dacia. Thanks to an international banking ban, and restriction of most trade with the country, Western automakers abandoned the Russian market, selling up to local investors for nominal amounts. Since then used imports and Chinese manufacturers have gained a large foothold in the country. Content originally sourced from: Lada launched the Azimut SUV this week, its first new model since the invasion of Ukraine and Renault's sale of the automaker back to Russian hands for a single ruble. The Azimut boasts a thoroughly modern design with plenty of sharp creases, including the Russian brand's signature creases above the wheel arches. It's unclear how much of the design was completed prior to Renault's sale in 2022, but the Azimut is based on the platform developed by Renault for the Vesta sedan, which was launched in 2015. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Measuring 4.42m long and with a 2.68m wheelbase, the Azimut is practically the same size as a Toyota Corolla Cross. The Azimut has 208mm of ground clearance, but is a front-wheel drive-only proposition. Like the Vesta, the Azimut is available with a 89kW 1.6-litre or 98kW 1.8-litre four-cylinder petrol engine mated to either a six-speed manual or a continuously variable transmission. A turbocharged 112kW motor is planned for the future. While the Azimut's mechanical basis is at least a decade old, the interior is full of features never seen before in a Lada, including a digital instrument cluster, 10.0-inch infotainment touchscreen, and a voice assistant. Other available features include a heated windscreen and side windows, keyless entry, 18-inch alloy wheels, 360-degree camera system, panoramic glass roof, wireless smartphone charging, electric tailgate and handbrake, and dual-zone climate control. The Azimut will reportedly go on sale in Russia later this year. For the Azimut, the automaker says it developed 966 new parts. Until the war in Ukraine, Renault owned a 66 per cent stake in Avtovaz, Lada's parent company, and was about to integrate the brand more closely with its other budget-conscious marque, Dacia. Thanks to an international banking ban, and restriction of most trade with the country, Western automakers abandoned the Russian market, selling up to local investors for nominal amounts. Since then used imports and Chinese manufacturers have gained a large foothold in the country. Content originally sourced from:
7NEWS
19-06-2025
- Automotive
- 7NEWS
Lada Azimut: Russian brand's first new model in a decade unveiled
Lada launched the Azimut SUV this week, its first new model since the invasion of Ukraine and Renault's sale of the automaker back to Russian hands for a single ruble. The Azimut boasts a thoroughly modern design with plenty of sharp creases, including the Russian brand's signature creases above the wheel arches. It's unclear how much of the design was completed prior to Renault's sale in 2022, but the Azimut is based on the platform developed by Renault for the Vesta sedan, which was launched in 2015. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Measuring 4.42m long and with a 2.68m wheelbase, the Azimut is practically the same size as a Toyota Corolla Cross. The Azimut has 208mm of ground clearance, but is a front-wheel drive-only proposition. Like the Vesta, the Azimut is available with a 89kW 1.6-litre or 98kW 1.8-litre four-cylinder petrol engine mated to either a six-speed manual or a continuously variable transmission. A turbocharged 112kW motor is planned for the future. While the Azimut's mechanical basis is at least a decade old, the interior is full of features never seen before in a Lada, including a digital instrument cluster, 10.0-inch infotainment touchscreen, and a voice assistant. Other available features include a heated windscreen and side windows, keyless entry, 18-inch alloy wheels, 360-degree camera system, panoramic glass roof, wireless smartphone charging, electric tailgate and handbrake, and dual-zone climate control. The Azimut will reportedly go on sale in Russia later this year. When Russia was hit with highly restrictive sanctions after its invasion of Ukraine, Lada had to re-engineer and strip back many of its vehicles in order to continue production. For the Azimut, the automaker says it developed 966 new parts. Until the war in Ukraine, Renault owned a 66 per cent stake in Avtovaz, Lada's parent company, and was about to integrate the brand more closely with its other budget-conscious marque, Dacia. Thanks to an international banking ban, and restriction of most trade with the country, Western automakers abandoned the Russian market, selling up to local investors for nominal amounts. Since then used imports and Chinese manufacturers have gained a large foothold in the country.
Perth Now
19-06-2025
- Automotive
- Perth Now
Lada Azimut: Russian brand's first new model in a decade unveiled
Lada launched the Azimut SUV this week, its first new model since the invasion of Ukraine and Renault's sale of the automaker back to Russian hands for a single ruble. The Azimut boasts a thoroughly modern design with plenty of sharp creases, including the Russian brand's signature creases above the wheel arches. It's unclear how much of the design was completed prior to Renault's sale in 2022, but the Azimut is based on the platform developed by Renault for the Vesta sedan, which was launched in 2015. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Supplied Credit: CarExpert Measuring 4.42m long and with a 2.68m wheelbase, the Azimut is practically the same size as a Toyota Corolla Cross. The Azimut has 208mm of ground clearance, but is a front-wheel drive-only proposition. Like the Vesta, the Azimut is available with a 89kW 1.6-litre or 98kW 1.8-litre four-cylinder petrol engine mated to either a six-speed manual or a continuously variable transmission. A turbocharged 112kW motor is planned for the future. While the Azimut's mechanical basis is at least a decade old, the interior is full of features never seen before in a Lada, including a digital instrument cluster, 10.0-inch infotainment touchscreen, and a voice assistant. Other available features include a heated windscreen and side windows, keyless entry, 18-inch alloy wheels, 360-degree camera system, panoramic glass roof, wireless smartphone charging, electric tailgate and handbrake, and dual-zone climate control. The Azimut will reportedly go on sale in Russia later this year. Supplied Credit: CarExpert When Russia was hit with highly restrictive sanctions after its invasion of Ukraine, Lada had to re-engineer and strip back many of its vehicles in order to continue production. For the Azimut, the automaker says it developed 966 new parts. Until the war in Ukraine, Renault owned a 66 per cent stake in Avtovaz, Lada's parent company, and was about to integrate the brand more closely with its other budget-conscious marque, Dacia. Thanks to an international banking ban, and restriction of most trade with the country, Western automakers abandoned the Russian market, selling up to local investors for nominal amounts. Since then used imports and Chinese manufacturers have gained a large foothold in the country.
