Euroclear has acquired a 49% stake in Inversis, a global investment technology solutions provider and outsourced financial services. By the end of 2027, Euroclear will become the full owner of Inversis. 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. The company offers funds platform services, securities outsourcing, intermediation, funds depository and various other services to financial institutions, insurance companies and new players in the distribution of investment products.
Building on the acquisitions of MFEX in 2021 and Goji in 2023, as well as the recent investment in IZNES, Euroclear continues to enhance Euroclear FundsPlace, its end-to-end fund platform solution for mutual and money market funds, alternative funds, and ETFs. Euroclear administers €3.3 trillion of fund assets, servicing approximately 3,000 fund distributors and 2,500 fund management companies in 85 countries.
By partnering with Inversis, Euroclear aims to accelerate the delivery of its funds’ strategy and increase its pan-European coverage, thanks to Inversis’ significant presence in the Spanish market. Inversis will benefit from Euroclear’s international reach and proven capabilities as a leading capital market infrastructure provider.
Euroclear’s investment in Inversis will accelerate the Spanish company’s growth. Further investments in technology and workforce will be made to support growth. The agreement will strengthen the Spanish company’s global footprint, after it successfully consolidated its value proposition in Luxembourg through the acquisitions of Banque Havilland’s depositary business and 40% of the fund management and administration firm Adepa.
The transaction is immediately EPS accretive for Euroclear, with the expected return on investment above Euroclear’s cost of equity in the first year of full ownership. The regulatory capital impact on Euroclear is limited, and existing cash fully finances the transaction.
“We are delighted to join forces with Inversis, a beautiful business which aligns with our ambition to offer a true end-to-end solution to our clients on the full spectrum of funds products across all regions in Europe and beyond,” Euroclear CEO Valérie Urbain said. “Inversis’ diversified and resilient business model driven by continued growth perfectly complements Euroclear’s business. As a European leader with a global presence committed to supporting the Capital Markets Union, Euroclear will improve its coverage in Spain, a market offering significant growth opportunities in the fund distribution space.”
“Since Banca March acquired full ownership of Inversis in 2016, we have supported its growth strategy, which has been guided by a commitment to offering its institutional clients comprehensive, global solutions as catalysts for their financial asset distribution businesses, with a clear ambition to grow the company’s global footprint, Banca March CEO José Luis Acea said. “We have found Euroclear, a leading provider of financial services for the largest international banking entities, to be the ideal partner to take the company to a new level of growth.”
“By combining with Euroclear, a prominent provider of financial services for all the major global banking institutions, Inversis will reinforce its large clients’ business,” Inversis’ CEO Alberto del Cid added. “Likewise, Inversis’ existing clients (which include Banca March) will benefit from a stronger value proposition across all the firm’s business areas, including its fund distribution platform, which will be supported by Euroclear’s FundsPlace solution, positioning it as one of the leading global players.”