Fideuram – Intesa Sanpaolo Private Banking entered into an agreement for the acquisition of 100% Compagnie de Banque Privée S.A. Quilvest (CBPQ), a private bank based in Luxembourg with over 150 employees in its Belgian branches that was fully owned by the holding company Quilvest Wealth Management. The transaction was executed through the Luxembourg-based subsidiary Fideuram Bank Luxembourg.

The acquisition of CBPQ will result in a further hub in the European Union, together with Reyl & Cie in Switzerland, addressed to European and international customers. This will allow the development of private banking activities in areas with a high growth potential, such as Luxembourg and Belgium.

Following the consummation of the acquisition – expected by the first half of 2022 and subject to clearances from the competent regulatory authorities – CBP (Compagnie de Banque Privée) corporate name will remain unchanged.

Pedersoli Studio Legale advised Fideuram – Intesa Sanpaolo Private Banking with a team led by Giovanni Pedersoli ( equity partner) and including Giuseppe De Cola (senior associate). Antitrust aspects were managed by Davide Cacchioli (partner).