BTG Pactual completes acquisition of BSI SA

On September 15, 2015, Banco BTG Pactual S.A. (BTG Pactual) and Participatie Maatschappij Graafschap Holland NV, a wholly-owned subsidiary of Assicurazioni Generali S.p.A. (Generali), successfully completed the sale and purchase of all shares of BSI SA, a Swiss private bank with headquarters in Lugano. The acquisition by BTG Pactual creates a group with USD 186 billion in assets under management and 5'400 employees in 29 countries. The successful conclusion of the transaction comes after the obtaining all of the regulatory approvals, including from FINMA and the Brazilian Central Bank.

Lenz & Staehelin advised BTG Pactual in this transaction. The team included Partners Hans-Jakob Diem (Corporate, Lead), Tino Gaberthüel (Corporate), Stefan Breitenstein (Banking Regulatory), Pascal Hinny (Tax) and Astrid Waser (Antitrust), and Associates Nicolas Bonassi, Simone Ehrsam Patrick Schärli, Nicolas Jacquemart and Stefan Brandner.