IFLR1000

BTG Pactual SFr1.25 billion acquisition of BSI

15/9/2015
Public acquisition
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SFr 1.25 billion

$ 1.256 billion

Completed

15/9/2015

Overview:

  • BTG Pactual has acquired Swiss private bank BSI from Assicurazioni Generali for SFr1.25 billion.
  • The deal is a mix of cash and shares.
  • The deal is BTG's largest acquisition to date in the asset management space.
  • The deal will double BTG's assets under management to $200 billion and increase its workforce from 3000 to 5000. 
  • This transaction was notable because it represented a rare example Brazilian bank acquiring a European asset management business.
  • The deal is part of a wider strategy of disposals by Generali, which has sold €3.7 billion of non-core assets to date.

Rani Mehta - Journalist 

Jurisdictions:

Brazil
Switzerland

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Switzerland

Industry sectors:

Banking
Investment management

Firms:
Demarest Advogados

Party: Generali (Seller)

Lawyer: Thiago Sandim

Homburger

Party: Generali (Seller)

Lawyer: Heinz Schärer

Lenz & Staehelin

Party: BTG Pactual (Acquirer)

Lawyers: Pascal Hinny, Stefan Breitenstein, Tino Gaberthüel

Linklaters

Party: BTG Pactual (Acquirer)

Lawyer: Dan Schuster-Woldan

Niederer Kraft Frey

Party: Generali (Seller)

Lawyer: Philippe Weber

Pinheiro Guimarães

Party: BTG Pactual (Acquirer)

Lawyer: Marcelo Lamy Rego

Skadden Arps Slate Meagher & Flom

Party: BTG Pactual (Acquirer)

Lawyers: Laura Knoll, Michael Civale

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