Euroclear has greatly boosted its business in Spain with the acquisition of a strategic 49% stake in Inversis, a provider of global investment technology solutions and outsourced financial services. In addition, the Belgian company has committed itself with the seller, Banca March, to achieve full ownership of the company by the end of 2027.

Inversis, until now a wholly owned subsidiary of Banca March, was founded in 2001 and is headquartered in Madrid. The company offers fund platform services, securities outsourcing, brokerage, and a fund depositary, as well as other services to financial institutions, insurance companies and new players in the distribution of investment products.

Funding platform
With this acquisition, which follows others made by Euroclear since 2021, the Belgian firm has strengthened its Euroclear FundsPlace solution, an end-to-end fund platform across mutual and money market funds, alternative funds and ETFs. The addition of Inversis will enable it to accelerate the implementation of its fund strategy and increase its pan-European coverage thanks to its significant presence in the Spanish market.

Inversis will also benefit from Euroclear's acquisition. The increased investment in technology and personnel announced will help accelerate its growth, after the Spanish company strengthened its presence in Luxembourg with two acquisitions. It will also receive strong support for its large customer business line. The transaction is subject to the customary closing conditions and regulatory approvals.

Significant growth opportunities
Euroclear CEO Valérie Urbain described Inversis as "a very attractive company that aligns with our ambition to offer a true end-to-end solution to our clients across the full spectrum of fund products in all regions of Europe and beyond," and added, "Euroclear will enhance its coverage in Spain, a market that offers significant growth opportunities in the fund distribution space."

The CEO of Banca March, José Luis Acea, recalled that since his bank acquired 100% of Inversis in 2016 "we have supported its growth strategy, which has been guided by the commitment to offer its institutional clients global and comprehensive solutions as catalysts for their financial asset distribution businesses, with a clear ambition to grow the company's global presence."

Inversis CEO Alberto del Cid concluded that, after the merger, his company "will strengthen the business of its large clients. In addition, Inversis' existing clients (including Banca March) will benefit from a stronger value proposition across all of the firm's business areas, including its fund distribution platform, which will be supported by Euroclear's FundsPlace solution, positioning it as a leading global player."

^{Photo: Euroclear}