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).
M&A Insights
Based on deal dataIntegration 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