EFG enters all-cash deal to buy Quilvest Switzerland

EFG International has agreed to get Quilvest (Switzerland), a backstage slope headquartered successful Zurich.

Financial presumption of the woody stay undisclosed.

The acquisition is owed to beryllium completed successful the 3rd 4th of 2026, pending support from regulatory bodies.

Quilvest Switzerland was established successful 1932 by the Bemberg household from Argentina and is wholly owned by Luxembourg-based Bemberg Capital.

In summation to its Zurich base, Quilvest operates successful Montevideo, Uruguay.

The slope manages lawsuit assets totalling astir SFr 5.3bn ($6.8bn), divided betwixt CHF SFr3.9bn successful assets nether absorption and SFr1.4bn successful assets nether custody.

Its lawsuit basal consists mostly of ultra-high and precocious nett worthy individuals, who relationship for implicit 90% of the bank’s managed assets.

These clients are chiefly based successful Latin America, Western Europe including Switzerland arsenic good arsenic the Middle East.

EFG said that pursuing the acquisition, these clients including members of the Bemberg household volition beryllium capable to entree a broader scope of services.

Quilvest Switzerland committee subordinate and Bemberg Capital enforcement president Adrien de Boisanger commented: “The concern with EFG represents a important advancement for our banking operations. We are assured that this transaction volition make sizeable worth for each stakeholders, peculiarly clients and employees, by offering entree to a planetary web and improved lawsuit work capabilities wrong an organisation that shares the Bemberg family’s values and entrepreneurial mindset.

“For Bemberg Capital, this strategical determination volition fortify the group's committedness to its halfway activities successful backstage superior investments and management, done Quilvest Capital Partners.”

EFG noted that this acquisition aligns with its existing strategy regarding mergers and acquisitions, strengthening its operations some domestically and successful 2 large maturation markets - Latin America and the Middle East.

Quilvest Switzerland volition run nether EFG Bank erstwhile the transaction is complete, with

Quilvest Switzerland’s concern expertise and merchandise suite incorporated into EFG’s platform.

The transaction volition beryllium settled wholly successful cash, with EFG projecting a simplification successful its CET1 superior ratio by up to astir 70 ground points.

EFG International CEO Giorgio Pradelli said: “We look guardant to our aboriginal concern with the Bemberg household and to moving with the Quilvest Switzerland squad arsenic they adhd to our maturation successful Switzerland, the Middle East, and the Americas and to further expanding our holistic lawsuit offering.

“The acquisition of Quilvest Switzerland is testament to EFG’s quality to pull partners who stock our entrepreneurial civilization and our committedness to semipermanent worth creation, crossed generations.”