Banco Voiter and Banco Letsbank have been acquired by Banco Master
April 2024 — Banco Voiter and Banco Letsbank have been sold to Banco Master.
Banco Voiter is a 45-year-old financial institution headquartered in São Paulo, Brazil, with total assets of approximately US$800 million and a shareholders’ equity of nearly US$86 million. The bank is focused on corporate banking, with total loans of approximately US$340 million. Banco Letsbank is a digital banking provider specializing in financial solutions for small- and medium-sized businesses.
Banco Master is a privately owned financial institution headquartered in Brazil with US$5.5 billion in total assets and US$380 million in shareholders’ equity, offering a broad range of financial services, including lending payroll loans and corporate finance.
Our role in the transaction
One of Oaklins’ teams in Brazil acted as the exclusive financial advisor to the seller in this transaction.
Talk to the deal team
Richard Rainer
Oaklins Olimpia Partners
Related deals
Educbank has been acquired by Cogna
Cogna Educação, through its subsidiary Somos Sistemas de Ensino, has acquired an additional 47% stake in Educbank for approximately US$8.9 million, increasing its ownership from 43% to 90% and consolidating control of the platform. The transaction expands Cogna’s presence beyond its traditional enrollment-driven education business into the financial infrastructure that underpins school tuition collection.
Learn moreRhino, Vantage, Quest and ICPA have been acquired by Odealim
A group of complementary UK-based insurance and professional services businesses, comprising Rhino, Vantage, Quest and ICPA, have been acquired by Odealim, a leading European specialist in insurance brokerage and real estate. The acquisition marks Odealim’s entry into the UK market and expands its offering with specialist insurance products, advisory services and membership-based solutions delivered through digital channels, intermediary schemes and strategic partnerships. Odealim is backed by TA Associates and Ardian.
Learn moreCensus Group has acquired Lecklé Oy
Backed by Swedish Aspira Partners, Census Group has acquired SYS Audit Oy, Lecklé Oy, Tiliextra Oy, Tase-Koivu Oy Tilintarkastusyhteisö, HJL Audit Oy and Auditus Tilintarkastus Oy. These transactions mark the creation of new platform in the Finnish audit and advisory services market. The newly formed group is jointly owned by Aspira Partners, entrepreneurs and key employees united by a shared vision and strong commitment to serving small and medium-sized enterprises (SMEs).
Learn more