Belgium-based financial services company Euroclear is set to acquire a 49% interest in Inversis, a Spanish investment technology solutions and outsourced financial services provider
The financial terms of the deal were not disclosed.
Euroclear intends to take full ownership of Inversis by the end of 2027.
Established in 2001, Inversis is a fully-owned subsidiary of private and corporate banking firm Banca March.
Inversis provides funds platform services, intermediation, funds depository, securities outsourcing, and various other services to financial institutions, insurance companies and other companies in the distribution of investment products.
Inversis CEO Alberto del Cid said: “By combining with Euroclear, a prominent provider of financial services for all the major global banking institutions, Inversis will reinforce its large clients’ business.
“Likewise, Inversis’ existing clients (which include Banca March) will benefit from a stronger value proposition across all the firm’s business areas, including its fund distribution platform, which will be supported by Euroclear’s FundsPlace solution, positioning it as one of the leading global players.”
Through the acquisition of the Spanish company, Euroclear aims to bolster its Euroclear FundsPlace offering, end-to-end funds platform solution across mutual and money market funds, alternative funds, and exchange-traded funds (ETFs).
The partnership with Inversis will also enable Euroclear to expedite the delivery of its funds’ strategy as well as increase its pan European coverage.
Besides, Inversis is expected to benefit from Euroclear’s international reach and capabilities as a capital market infrastructure.
Euroclear maintains €3.3 trillion of fund assets, servicing around 3,000 fund distributors and 2,500 fund management companies across 85 countries.
The company said that the transaction is fully financed by existing cash.
Euroclear CEO Valérie Urbain said: “Inversis’ diversified and resilient business model driven by continued growth perfectly complements Euroclear’s business.
“As a European leader with a global presence committed to supporting the Capital Markets Union (CMU), Euroclear will improve its coverage in Spain, a market offering significant growth opportunities in the fund distribution space.”
The transaction is subject to customary conditions and regulatory approvals.
