Allfunds Sets Sights on Brazilian Market with Andbank Deal
Deal News | May 16, 2025 | Iberian Lawyer
Allfunds has entered into a binding agreement to acquire Andbank Distribuidora de Títulos e Valores Mobiliários LTDA, a Brazilian securities brokerage arm of the Andbank group. This transaction marks Allfunds' foray into the Brazilian onshore fund distribution market. The acquisition includes an operational fund distribution platform, a team of about 20 local professionals, and a strategic partnership with Andbank for the distribution of investment funds. As of March 2025, Andbank manages approximately $52.4 billion globally, with $769 million in Brazil. The transaction is expected to be finalized by 2026, subject to regulatory approval. Advisors for Andbank included key figures such as Pablo García Montas and Luis Jimenez Aragón, demonstrating the extensive collaboration and planning involved.
Sectors
- Financial Services
- Investment Banking
Geography
- Brazil – The article discusses Allfunds' entry into the Brazilian onshore fund distribution market.
- Spain – Andbank, which is mentioned in the article, is based out of Spain and operates internationally.
Industry
- Financial Services – The article deals with investment fund distribution, securities brokerage, and strategic partnerships in the financial sector.
- Investment Banking – Involves a transaction of acquisition and strategic partnership in a financial enterprise, typical of investment banking activities.
Financials
- 52.4 billion – The total amount managed by Andbank globally as of March 2025.
- 769 million – The portion of the managed amount related to Andbank’s Brazilian mutual fund distribution activities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Allfunds | Bidding Company | Company | An investment funds distribution company entering the Brazilian market through acquisition. |
| Andbank | Selling Company | Company | A financial group with a securities brokerage subsidiary in Brazil being acquired by Allfunds. |
| Pablo García Montas | General Secretary | Person | General Secretary of the Andbank Group, involved in the transaction advisory. |
| Isabel García Daz-Maurio | M&A Legal Director | Person | M&A Legal Director for Andbank de España team, involved in the transaction. |
| Luis Jimenez Aragón | CEO of Corporate Services | Person | CEO of Corporate Services at Andbank Brazil, involved in the transaction. |
| Silvia Ferraz Ivamoto | Legal Director | Person | Legal Director at Andbank Brazil, involved in the transaction. |