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February 28, 2022

Julius Baer to offload majority holdings in Mexican wealth manager NSC Asesores

Julius Baer has decided to divest its majority interest in Mexican wealth manager NSC Asesores, following a review of its strategic participations.

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The Swiss private bank said that it will sell a 50.1% stake in the Mexican firm to Stratos Wealth Partners.

The firm, however, will retain its 19.9% holdings in NSC as part of its ongoing commitment to the Mexican wealth management market.

Financial details of the transaction were not divulged.

Julius Baer acquired an initial 40% holding in NSC Asesores in 2015. In 2019, it purchased an additional 30% in the firm, becoming the majority shareholder.

Founded in 1987, NSC Asesores specialises in consulting and wealth management. The firm had client assets of more than $4bn, as of 31 December 2021.

The sale follows Julius Baer’s strategic review that concluded ‘NSC will develop and grow best under a different ownership structure’.

Julius Baer said in a statement: “The current managing partners of NSC Asesores will continue to hold 30% and Stratos Wealth Partners will be the new majority owner of the company.

“Julius Baer will retain a minority participation of 19.9% and remains committed to the Mexican market, which represents an important market for the Group. The transaction was signed and closed on the same day.”

Recent moves by Julius Baer

Julius Baer reported IFRS attributable net profit of $1.18bn (CHF1.08bn) in 2021, an increase of 55% from the previous year and exceeding the CHF1bn mark for the first time.

The firm’s assets under management (AuM) grew 11%, benefitting from strong net inflows.

Last month, Julius Baer agreed to divest Wergen & Partner Wealth Management to the management of Wergen & Partner.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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