Case studies

EFG International

Comprehensive transaction support for landmark transformational Swiss private banking combination

EFG International, a major Swiss-listed private bank, announced in February 2016 the CHF1.3 billion acquisition of BSI, a major Swiss private bank owned by Brazilian group BTG Pactual. The combination of EFG and BSI, supported by Deloitte teams, has created one of the largest private banks in Switzerland.

Within tight deadlines, Deloitte provided key transaction support to EFG International in its transformational acquisition of BSI. In a first phase, Deloitte delivered detailed transaction synergies analysis, a financial estimate of integration costs as well as a valuation of potential synergies with BSI. Subsequently, Deloitte’s transaction services, legal, regulatory, tax and integration and separation teams have worked seamlessly with EFG to analyse, diligence and support the successful execution of the transaction. The results delivered have secured the path to the integration of the two groups and the achievement of EFG International’s strategic intent through the transaction.

Deloitte’s dedication, strong sector expertise and transaction experience allowed our stakeholders to obtain sufficient comfort in a most significant and complex transaction of strategic importance. Deloitte was able to seamlessly deliver valuable assistance across all critical areas of the transaction.

— Giorgio Pradelli, Deputy CEO and Chief Financial Officer, EFG International

This client story is from the Deloitte Switzerland Annual Review 2016

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