Simpson Thacher is representing BTG Pactual in connection with its proposed acquisition of M.Y. Safra Bank, FSB (“M.Y. Safra”). The transaction is subject to customary closing conditions.
BTG Pactual is the largest investment bank in Latin America and operates across several segments including Investment Banking, Corporate Lending and Business Banking, Sales and Trading, Wealth Management and Personal Banking and Asset Management. In the U.S. it currently provides asset management and broker dealer services to individual and institutional clients. At the end of March 2024, BTG Pactual managed more than USD 327.4 billion of assets for clients worldwide, with equity of USD 10.4 billion and total assets of USD 113.6 billion.
M.Y. Safra is a Federal Savings Bank that is privately owned and headquartered in New York City, where it focuses on providing innovative products and solutions to personal, business and private banking clients, as well as lending in the commercial and residential real estate markets. Clients include high net worth individuals, family offices and businesses.
The Simpson Thacher team includes Grenfel Calheiros, Ravi Purushotham, Malik Ladhani, Isaac Cattan and Douglas Ogata (M&A); Lee Meyerson, Amanda Allexon, Spencer Sloan and James Fine (Bank Regulatory); Jeannine McSweeney, Laura Gallo and Mtume Sangiewa (Executive Compensation and Employee Benefits); Jonathan Goldstein and Adam Hersch (Tax); Lori Lesser, Corina Holland and Sarika Pandrangi (Intellectual Property); and Krista McManus (Real Estate).