Millenium Associates selects Ittikar as private capital platform
Zürich-based M&A firm Millenium Associates AG has partnered with Ittikar to manage private capital transactions, with founder Ray Soudah joining the platform's strategic advisory board.
Swiss M&A and corporate finance advisory firm Millenium Associates AG has named Ittikar as its primary platform for private capital transactions. The agreement integrates Ittikar's private capital network—designed specifically for family offices—into the firm's existing advisory operations.
Ray Soudah, founder and chairman of Millenium Associates, has joined Ittikar’s strategic advisory board effective immediately. The firm brings 25 years of transactional experience and an extensive network of over 500 family offices to the platform, which aims to facilitate private capital movement without relying on public market listings.
Ittikar operates a hybrid model that uses AI for transaction analysis while maintaining human investment teams to oversee deal screening. According to Hussam Otaibi, founder of Ittikar and Mondevo Group, the partnership aims to combine deep industry experience with technology to secure a competitive edge in the European and Middle Eastern markets.
The integration begins immediately, with Millenium Associates expected to incorporate the platform into its service offerings over the coming months.