Objectway Group, an Italian fintech company, has acquired Nest Wealth, a Toronto-based digital wealth solutions provider. The transaction value has not been disclosed.

As part of the agreement, Objectway will also take over Nest Wealth’s client portfolio, which includes wealth management firms Raymond James and Manulife Securities, and half of Canada’s six largest banks, including National Bank of Canada and National Bank Independent Network.

Objectway was advised by Deloitte, Deloitte Legal, and Alpeggiani Avvocati Associati.

Nest Wealth was advised by Ascent Line Partners and Wildeboer Dellelce LLP.

BNL is acting as the sole lead manager and bookrunner on the associated financing which will also involve SIMEST.