06/02/2024 – 21:32
Banco Safra announced this Tuesday, 6th, the acquisition of Guide Investimentos. The bank's objective is to accelerate the brokerage's growth in all areas of activity, contributing capital, expertise and further expanding the offer of products and services to customers, the bank said in a press release. The value of the business was not disclosed.
Controlled by Fosun, Guide is an investment platform operating in the segments of investment advisory offices, wealth management, institutional brokerage and asset management.
Over the last few years, Guide has grown organically and through acquisitions of brokerages and client portfolios from Omar Camargo, Geraldo Correa, Simplific Pavarini, SLW, Picchioni, Magliano and SimPaul, reaching approximately R$20 billion in assets under custody.
Safra reinforces its presence in the investment advisory office segments, where Guide is the fourth largest operation in the market, while Safra Invest occupies the third position; wealth management, in which Guide has an excellent portfolio of high-income clients; and institutional brokerage, in which Guide has a relevant operation and important clients.
In this transaction, Safra received financial advice from Banco J. Safra and legal advice from Spinelli Advogados and Vieira Rezende Advogados. Fosun had legal advice from Pinheiro Neto Advogados.
Completion and closing of the transaction are subject to obtaining regulatory approvals.
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