Banca March vende otro 41% de Inversis a Euroclear por 221 millones

Banca March has sold another 41% stake in Inversis to Euroclear for €221 million. This brings Euroclear's ownership to 90%, with the remaining 10% to be completed over the next 18 months. The total transaction value could exceed €430 million. The final sale is set to conclude in 18 months, with Euroclear becoming the sole owner.

The 10% portion will depend on the fulfillment of certain clauses upon closing the deal. The total amount could surpass the €300 million initially valued by market sources in 2019. Banca March has supported Inversis since its acquisition in 2013 for €217 million. The agreement will allow Inversis to access larger clients and expand its business model to other markets, acting as a platform for Euroclear's Mediterranean strategy, boosting operations in Spain and Italy.

Inversis has over 165 clients, including universal banks, private banks, fintechs, and payment entities. Services provided by Inversis include securities delegation - execution, liquidation, and custody, fund distribution, ETFs, pension plans, cash deposit services, and treasury desks. Inversis will remain an independent entity within Euroclear, preserving its name, service model, local market knowledge, operational expertise, and customer proximity.

Euroclear is a major European financial infrastructure that ensures the smooth operation, safe custody, and processing of financial market transactions. The acquisition of Inversis expands Euroclear's fund business in Southern Europe. Euroclear's FundsPlace operates €4.6 trillion in funds, connecting over 3,000 distributors and 2,500 asset managers.

The fund distribution platform is expected to showcase the benefits of combining both businesses. Inversis gains continuous investment in technology, operational resilience, cybersecurity, and scalability. Banca March maintains its relationship with Euroclear.