BTG Pactual completes sale of BSI SA to EFG International

On November 1, 2016, Banco BTG Pactual S.A. (BTG Pactual) and EFG International AG (EFGI), the listed Swiss private wealth manager, announced the completion of the sale and purchase of all the shares of BSI SA, a Swiss private bank with headquarters in Lugano. As a result of the transaction, BTG Pactual has become a significant shareholder of EFGI with an interest of 30% of the share capital and voting rights of EFGI, which is now one of the largest Swiss private banks.

Lenz & Staehelin advised BTG Pactual in this transaction. The team included Partners Hans-Jakob Diem (Corporate, Lead), Patrick Schleiffer (Corporate, Capital Markets), Astrid Waser (Antitrust) and Pascal Hinny (Tax) and Associates Simone Ehrsam (Corporate), Patrick Schärli (Capital Markets) and Robin Hauser (Regulatory).