VINCI COMPASS ANNOUNCES ACQUISITION OF 50.1% STAKE IN VERDE ASSET MANAGEMENT, BUILDING THE REGION'S LEADER IN GLOBAL AND LOCAL ASSET ALLOCATION
Transaction Overview: Vinci Compass will acquire a 50.1% stake in Verde Asset Management, a leading Brazilian multi-strategy asset manager, with plans to acquire the remaining 49.9% after five years. The deal is structured in two phases, with an initial payment of shares and cash, and an earnout based on performance.
Strategic Benefits: The acquisition will enhance Vinci Compass' asset management capabilities by adding R$16 billion in assets under management, improving their product offerings, and leveraging Verde's established brand and expertise to drive growth and innovation in investment strategies across Latin America.
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- Market Sentiment Dips: Concerns over a new coronavirus mutation in South Africa have significantly impacted the German stock market, with European stocks expected to open lower on Thursday, including a projected 0.7% drop for the FTSE 100 and a 1.3% decline for the DAX.
- Oil Prices Surge: International benchmark Brent crude rose nearly 1.3% to $103.19 per barrel, driven by reports of the U.S. intercepting at least three Iranian oil tankers, which heightens uncertainty regarding the ongoing Middle East conflict and adds to market volatility.
- Germany's Economic Forecast Downgraded: The German Economics Ministry has halved its growth forecast for 2026 to just 0.5% and reduced the 2027 GDP estimate from 1.3% to 0.9%, citing the Iran conflict and the closure of the Strait of Hormuz as key factors affecting economic stability and rising costs for households and businesses.
- Inflation Expectations Rise: Officials project inflation to increase to 2.7% this year and 2.8% next year, which will have a lasting negative impact on consumers and businesses, further dampening market confidence amid economic uncertainty.
- Transaction Scale Expansion: The merger with BACS Asset Management doubles Vinci Compass' Argentine asset management from approximately $800 million to $1.6 billion, significantly enhancing its competitive position in a rapidly consolidating local market.
- Strengthened Distribution Channels: By closely integrating with Banco Hipotecario and BACS, Vinci Compass will enhance its local distribution capabilities, accelerating asset growth and optimizing investment management efficiency.
- Strategic Alignment: This transaction aligns with Vinci Compass' long-term strategic plan to expand its footprint in Latin American markets and leverage scale to improve operational platform effectiveness.
- Profitability Enhancement: The merger is expected to immediately enhance Vinci Compass' earnings profile in Argentina, improving return on assets and margin dynamics while mitigating short-term asset volatility risks.
- Transaction Scale Expansion: The merger with BACS Asset Management nearly doubles Vinci Compass' Argentine asset management business, increasing assets under management (AuM) from approximately $800 million to $1.6 billion, significantly enhancing market competitiveness and operational efficiency.
- Distribution Network Enhancement: By collaborating with BACS and Banco Hipotecario, Vinci Compass gains access to a broader corporate and retail distribution network, strengthening its local distribution capabilities in Argentina and expected to drive future business growth.
- Complementary Product Offering: The combined platform offers a highly complementary product suite, merging strong money market and transactional capabilities with value-added and longer-duration investment strategies, addressing market demand for diversified investment solutions.
- Strategic Alignment: This transaction aligns with Vinci Compass' long-term strategic plan to expand its footprint in Latin America, leveraging scale to enhance investment management and operational platform efficiency, while capturing growth opportunities in Argentina's asset management market.
- Market Opening Expectations: The U.K.'s FTSE index and France's CAC 40 are expected to open slightly below the flatline, while Germany's DAX is up 0.13% and Italy's FTSE MIB is up 0.15%, indicating a complex assessment by investors regarding the Iran war and peace talks.
- Conflict Nearing End: U.S. President Trump stated in an interview that the Iran conflict is “very close to over,” which has fueled market optimism about the resumption of peace talks, potentially impacting investor confidence.
- Ceasefire Agreement Dynamics: Although a senior U.S. official indicated that there has been no formal agreement to extend the ceasefire, reports suggest that the U.S. and Iran have reached an “in principle agreement” to allow for more diplomatic engagement, reflecting the delicate nature of the situation.
- Asian Market Rally: Japan's Nikkei 225 hit a record high, reflecting a broader rally in Asian markets that follows gains on Wall Street, suggesting that hopes for a U.S.-Iran deal are strengthening market sentiment.

- Auction for Galeao Airport: The auction for Rio de Janeiro's Galeao Airport has attracted a bid of 2.9 billion reais.
- Significance of the Bid: This substantial bid highlights the interest in the airport's potential and its importance in the region's infrastructure.

Stock Sale Announcement: Bruno Augusto Sacchi Zaremba intends to sell 450,000 shares of Vincit Compass Investments (VINP.US) on March 25, with a total market value of approximately $4.62 million.
Reduction in Shareholding: Zaremba has reduced his shareholding in Vincit Compass Investments by 40,692 shares since December 26, 2025, with a total value of around $514.15K.









