Euroclear today announces that it has acquired a strategic 49% stake in Inversis, a provider of global investment technology solutions and financial outsourcing.
Euroclear will become the full owner of Inversis by the end of 2027.
Financial details of the transaction have not been disclosed. The transaction is subject to customary closing conditions and regulatory approvals.
Founded in 2001 and headquartered in Madrid, Inversis is a wholly owned subsidiary of Banca March. As a provider of investment technology solutions, the company offers fund platform services, securities outsourcing, brokerage, fund depository and various other services to financial institutions, insurance companies and new players in the distribution of investment products.
Building on the acquisitions of MFEX in 2021 and Goji in 2023, as well as the recent strategic investment in IZNES, Euroclear continues to strengthen its Euroclear FundsPlace offering, its end-to-end fund platform solution in mutual funds and money markets, alternative funds and ETFs.
By partnering with Inversis, Euroclear aims to accelerate the implementation of its funds strategy and increase its pan-European coverage thanks to Inversis’ significant presence in the Spanish market. Inversis will benefit from Euroclear’s international reach and proven capabilities as a leading capital markets infrastructure.
The deal will strengthen the Spanish firm’s global footprint after successfully consolidating its value proposition in Luxembourg through the acquisition of Banque Havilland’s custodian business and 40% of asset management and asset management company Adepa. He will also provide strong support for Inversis’ large customer line of business.
The transaction is immediately EPS accretive to Euroclear, with the expected return on investment above Euroclear’s cost of equity in the first year of full ownership. The regulatory capital impact on Euroclear is limited and the transaction is fully funded from existing cash.
Valérie Urbain, CEO of Euroclear, said: “We are delighted to join forces with Inversis, a highly attractive business that aligns with our ambition to offer a true end-to-end solution to our clients across the range of capital products in all regions of Europe and beyond. Inversis’ diversified and resilient business model, driven by continuous growth, perfectly complements Euroclear’s operations. As a European leader with a global presence committed to supporting the Capital Markets Union (CMU), Euroclear will enhance its coverage in Spain, a market that offers significant growth opportunities in the capital distribution space.”
Banca March CEO José Luis Acea said: “Since Banca March acquired full ownership of Inversis in 2016, we have supported its growth strategy, which is driven by a commitment to offer its institutional clients integrated, global solutions as catalysts for their financial asset distribution businesses, with a clear ambition to grow the company’s global footprint. We have found in Euroclear, a leading provider of financial services to the largest international banking entities, the ideal partner to take the company to a new level of growth.”
Inversis CEO Alberto del Cid said: “Combining with Euroclear, a prominent provider of financial services to all major global banking institutions, Inversis will strengthen the operations of its major clients. Similarly, Inversis’ existing clients (including Banca March) will benefit from a stronger value proposition across the company’s business areas, including its fund distribution platform, which will be supported by Euroclear’s FundsPlace solution, positioning it as a of the world’s top players.”