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BTG Pactual to buy Julius Baer's Brazil unit in $164 million deal, local media reports

Published by Global Banking & Finance Review

Posted on January 24, 2025

1 min read

· Last updated: January 27, 2026

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BTG Pactual's logo and a financial chart representing the acquisition of Julius Baer's Brazil unit - Global Banking & Finance Review
This image showcases BTG Pactual's logo alongside a financial chart, symbolizing the recent acquisition of Julius Baer's Brazil unit for approximately $164 million, highlighting significant movements in the banking and finance sector.
investment acquisition financial services Mergers and Acquisitions
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SAO PAULO (Reuters) - Brazilian investment bank BTG Pactual is set to announce the acquisition of Swiss private bank Julius Baer's local unit in a deal worth about 1 billion reais ($163.6 million),

BTG Pactual Set to Acquire Julius Baer's Brazilian Unit for $164 Million

SAO PAULO (Reuters) - Brazilian investment bank BTG Pactual is set to announce the acquisition of Swiss private bank Julius Baer's local unit in a deal worth about 1 billion reais ($163.6 million), newspaper O Globo reported on Monday.

BTG Pactual will announce the deal this week, according to the report, which did not specify how it obtained the information.

BTG Pactual and Julius Baer declined to comment.

Reuters reported in November, citing sources, that Julius Baer had tapped Goldman Sachs to advise on the sale of its Brazilian operation.

($1 = 6.1113 reais)

(Reporting by Andre Romani; additional reporting by Luciana Magalhaes; Editing by Brendan O'Boyle and Kylie Madry)

Key Takeaways

  • BTG Pactual is acquiring Julius Baer's Brazil unit.
  • The deal is valued at approximately $164 million.
  • Julius Baer had Goldman Sachs advise on the sale.
  • The acquisition will be announced this week.
  • The transaction highlights BTG Pactual's expansion.

Frequently Asked Questions

What is the value of the deal between BTG Pactual and Julius Baer?
The acquisition deal is worth approximately 1 billion reais, which is about $163.6 million.
When is BTG Pactual expected to announce the acquisition?
BTG Pactual is set to announce the deal this week, according to local media reports.
Did BTG Pactual and Julius Baer comment on the acquisition?
Both BTG Pactual and Julius Baer declined to comment on the acquisition.
Which firm was hired to advise on the sale of Julius Baer's Brazilian operation?
Goldman Sachs was tapped to advise on the sale of Julius Baer's Brazilian operation.
What currency exchange rate is mentioned in the article?
The article mentions an exchange rate of $1 being equivalent to 6.1113 reais.

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