Key Takeaways
- • Millenium Associates AG, the Zurich-based M&A and corporate finance adviser founded in 2000, has selected Ittikar, the private capital network for global family offices, as a preferred platform for private capital transactions.
- • Ray Soudah, Chairman and Founder of Millenium Associates AG, has joined the Ittikar Strategic Advisory Board with immediate effect.
- • Ittikar reports more than 100 Founding Members within a network of 500 family offices across Europe, Switzerland, the Middle East, Latin America and Asia, per the press release.
- • The partnership gives Millenium Associates' clients direct access to family offices and entrepreneurs for deal analysis, investment and capital raising, with matching based on Capital DNA rather than public broadcast.
- • Millenium Associates' transaction team will review deals with Ittikar's investment team before publication to the network, with joint work planned in Europe and the Middle East.
Summary
Millenium Associates AG, an independent M&A and corporate finance adviser founded in Zurich in 2000, has selected Ittikar as an innovative preferred platform for private capital transactions, according to a PRNewswire release. Ittikar describes itself as the private capital network for global family offices, built by a family office and enabled by AI, where members analyse deals, invest and raise capital on a single buy-side platform. The company has been live since March 2026 and is part of the Mondevo Group.
Under the partnership, Millenium Associates brings 25 years of transaction experience and an advisory network spanning European private banking, wealth and asset management to Ittikar's membership of more than 100 Founding Members within a network of 500 family offices. Ray Soudah, Chairman and Founder of Millenium Associates, joins the Ittikar Strategic Advisory Board. The two firms state that their founders have worked together for more than fifteen years.
The firms said Millenium Associates' transaction team will work alongside Ittikar's investment team to review transactions before they are published to the network. The combined proposition will be taken to family offices and entrepreneurs across Europe and the Middle East. Ittikar's platform is AI-enabled but operates with human oversight, and the companies said the review process refines the platform for all members.
Soudah said the firm was approached by many platforms this year and chose Ittikar because it was built for the investor rather than the seller and had already closed several real transactions. Hussam Otaibi, Founder of Ittikar and Mondevo Group, said technology alone would not provide an edge, citing the experience of professionals working with it.
The partnership begins immediately, with Millenium Associates to progressively introduce Ittikar to its clients and network in the coming months. The release includes standard disclaimers that membership is subject to eligibility and that AI-generated output may contain errors, and it notes that statements about future activities are forward-looking. No financial terms of the arrangement were disclosed.
Under the partnership, Millenium Associates brings 25 years of transaction experience and an advisory network spanning European private banking, wealth and asset management to Ittikar's membership of more than 100 Founding Members within a network of 500 family offices. Ray Soudah, Chairman and Founder of Millenium Associates, joins the Ittikar Strategic Advisory Board. The two firms state that their founders have worked together for more than fifteen years.
The firms said Millenium Associates' transaction team will work alongside Ittikar's investment team to review transactions before they are published to the network. The combined proposition will be taken to family offices and entrepreneurs across Europe and the Middle East. Ittikar's platform is AI-enabled but operates with human oversight, and the companies said the review process refines the platform for all members.
Soudah said the firm was approached by many platforms this year and chose Ittikar because it was built for the investor rather than the seller and had already closed several real transactions. Hussam Otaibi, Founder of Ittikar and Mondevo Group, said technology alone would not provide an edge, citing the experience of professionals working with it.
The partnership begins immediately, with Millenium Associates to progressively introduce Ittikar to its clients and network in the coming months. The release includes standard disclaimers that membership is subject to eligibility and that AI-generated output may contain errors, and it notes that statements about future activities are forward-looking. No financial terms of the arrangement were disclosed.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.