M&A Deal Summary

BTG Pactual Acquires BSI SA

On September 15, 2015, BTG Pactual acquired financial services company BSI SA from Assicurazioni Generali for 1.2B CHF

Acquisition Highlights
  • This is BTG Pactual’s 1st transaction in the Financial Services sector.
  • This is BTG Pactual’s largest (disclosed) transaction.
  • This is BTG Pactual’s 1st transaction in Switzerland.
Investment Fate
  • BSI SA was divested to a consortium of strategic buyers in 2016 for 1.3B CHF.

M&A Deal Summary
Date 2015-09-15
Target BSI SA
Sector Financial Services
Buyer(s) BTG Pactual
Sellers(s) Assicurazioni Generali
Deal Type Divestiture
Deal Value 1.2B CHF

Target

BSI SA

Lugano, Switzerland
website
BSI SA is a Swiss private bank specializes in private wealth management. It provides high net worth individuals, independent asset managers and family offices with a comprehensive range of products and services, from classic to alternative and innovative solutions.

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Buyer(S) 1

Buyer

BTG Pactual

São Paulo, Brazil

website

Category Company
Founded 1983
Sector Financial Services
Employees3,500
DESCRIPTION

BTG Pactual financial institution active mainly in the investment and commercial banking and wealth management businesses. BTG Pactual was founded in 1983 and is based in São Paulo, Brazil.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 BSI SA

Lugano, Switzerland

BSI SA is a Swiss private bank specializes in private wealth management. It provides high net worth individuals, independent asset managers and family offices with a comprehensive range of products and services, from classic to alternative and innovative solutions.

Sell Fr.1.3B

Seller(S) 1

SELLER

Assicurazioni Generali

Trieste, Italy

website

Category Company
Founded 1831
Sector Insurance
Employees71,860
Revenue 72.6B EUR (2022)
DESCRIPTION

Assicurazioni Generali is an Italian insurance company that acts as the parent to the Generali Group. The Group comprises insurance, holding, financial and real estate. Assicurazioni Generali was founded in 1831 and is based in Trieste, Italy.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 1 of 1
Type (Divestiture) 2 of 3
Country (Switzerland) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-03 Assicurazioni Generali Non-Life book Of Business

Italy

Assicurazioni Generali Non-Life book Of Business is a provider of maximum coverage for all lines of non-life business.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Tranquilidade

Lisbon, Portugal

Tranquilidade is the second-largest non-life business operator in Portugal with a 15.5% market share in the segment. The company also operates in the Life segment and posted total gross insurance premiums of approximately € 800 million in 2018.

Buy €510M
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