BTG Pactual to acquire 100% of M.Y. Safra Bank in the United States to expand product offering
Jun 28, 2024•over 1 year ago
Acquiring Company
BTG Pactual
Acquired Company
M.Y. Safra Bank
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.
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