Euroclear today announces it has acquired a strategic stake of 49% in Inversis, a provider of global investment technology solutions and outsourced financial services.
Euroclear will become the full owner of Inversis by end 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 funds platform services, securities outsourcing, intermediation, funds 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 enhance its Euroclear FundsPlace offering, its end-to-end funds platform solution across mutual and money market funds, alternative funds and ETFs.
By partnering with Inversis, Euroclear aims to accelerate the delivery of its funds’ strategy, and increase its pan-European coverage thanks to Inversis’ significant presence on the Spanish market. Inversis will benefit from Euroclear’s international reach and proven capabilities as leading capital market infrastructure.
The agreement will strengthen the Spanish company’s global footprint, after it successfully consolidated its value proposition in Luxembourg through the acquisitions of Banque Havilland’s depositary business and 40% of the fund management and administration firm Adepa. It will also afford robust support for Inversis’ large clients business line.
The transaction is immediately EPS accretive for 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 financed by existing cash.
Valérie Urbain, Chief Executive Officer of Euroclear, said: “We are delighted to join forces with Inversis, a highly attractive business which aligns with our ambition to offer a true end-to-end solution to our clients on the full spectrum of funds products across all regions in Europe and beyond. 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.”
Banca March CEO, José Luis Acea, said: “Since Banca March acquired full ownership of Inversis in 2016, we have supported its growth strategy, which has been guided by a commitment to offering its institutional clients comprehensive, 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 for the largest international banking entities, the ideal partner to take the company to a new level of growth.”
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.”
