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BTG Pactual to acquire 100% of M.Y. Safra Bank in the United States to expand product offering

Jun 28, 2024over 1 year ago

Acquiring Company

BTG Pactual

Acquired Company

M.Y. Safra Bank

Sao PauloNew YorkFinancial ServicesBankingLendingFinanceFinancial Services

Description

BTG Pactual, the largest investment bank in Latin America, has announced the acquisition of 100% of the share capital of M.Y. Safra Bank, FSB. This strategic transaction aims to complement BTG Pactual's product offering and maintain its focus on excellence and innovation in services provided to clients. The acquisition will enable BTG Pactual to expand its operations in the United States and provide customized products and personalized service to its clients while offering M.Y. Safra Bank the opportunity to provide an even broader suite of services and solutions.

Company Information

Company

BTG Pactual

Location

Sao Paulo, Sao Paulo, Brazil

About

BTG Pactual is the largest investment bank in Latin America and operates in the Investment Banking, Corporate Lending and Business Banking, Sales and Trading, Wealth Management and Personal Banking, and Asset Management markets. BTG Pactual is already present in the United States, where it provides asset management and broker dealer services to individual and institutional clients.

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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