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Btg Pactual Announces The Closing Of Fis Privatbank Acquisition

Sep 20, 2023about 2 years ago

Acquiring Company

BTG Pactual

Acquired Company

FIS

Financial ServicesCommerce And Shopping

Description

BTG Pactual has just received all the regulatory approvals for the acquisition of FIS Privatbank, a private bank that operates for nearly 30 years in Luxembourg, one of the main banking jurisdictions in Europe. Its expertise comprises the activities of wealth management, asset management and financing activities. The main clients are high net worth individuals, family offices and institutional investors. In June 2023, FIS Privatbank had €400mn in assets under management (AuM).

Company Information

Company

BTG Pactual

About

With this credit line, BTG Pactual already has US$ 500 million raised and earmarked for these initiatives, strengthening its ability to offer financing to small and medium-size companies in Brazil. Pactual BTG Pactual (BPAC11) is the largest investment bank in Latin America and operates in the Investment Banking, Corporate Lending, Sales & Trading, Wealth Management and Asset Management markets.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed