EY advises on the expansion of Euroclear’s Spanish fund business with the acquisition of a stake in Inversis
EY Abogados has advised Euroclear on its acquisition of a 49% strategic stake in Inversis, a leading provider of global investment technology solutions and outsourced financial services.
Euroclear will become the full owner of Inversis by the end of 2027 and 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 depositary and various other services to financial institutions, insurance companies and new players in the distribution of investment products.
Euroclear manages EUR 3.3 trillion in fund assets, serving approximately 3,000 fund distributors and 2,500 fund management companies in 85 countries.
The firm team performed financial, legal, tax, labour, IT, risk, commercial and SPA due diligence for Euroclear and consisted of Xavier Bird, tax, Juan María Gonzalo Lasheras, legal, and Raúl Luis García González, labour.
