Pollen Street Capital announced the acquisition of Hipoges and the integration of Finsolutia into a single service platform supported by technology, creating a group with more than two thousand employees and around 55 billion in assets under management.
The operation, announced this Friday, 14th, aims to reinforce the scale and operational capabilities in the Iberian Peninsula and southern Europe, with a presence in Portugal, Spain, Italy and Greece.
Hipoges, founded in 2008, has around 50 billion euros in assets under management and a team of more than 1,800 professionals. Finsolutia, created in 2007 by Nuno Silva, has around 360 employees and a technological offer for the credit and real estate value chain.
The combined group will have local teams in four countries and 11 cities, offering integrated services to European institutional investors.
Regarding the operation, the founders of Hipoges, Hugo Velez and Claudio Panunzio, stated, quoted in a statement, that with Pollen Street Capital and Finsolutia “we found partners who share our values, our passion and our vision of the future”.
Lindsey McMurray, Managing Partner of Pollen Street, says that “clients will benefit from greater scale, deeper analytics and expanded service capabilities”.
As for Nuno ES Silva, founder and managing partner of Finsolutia, highlights that “by combining market experience with advanced technology, we enable financial institutions and asset owners to offer a faster service and in greater regulatory compliance”.
The statement also states that the completion of the deal depends on the usual regulatory authorizations.