{"id":405466,"date":"2020-12-24T06:33:05","date_gmt":"2020-12-24T11:33:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405466"},"modified":"2020-12-24T06:33:05","modified_gmt":"2020-12-24T11:33:05","slug":"xp-inc-acquires-riza-ma","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xp-inc-acquires-riza-ma\/","title":{"rendered":"XP Inc. Acquires Riza M&A"},"content":{"rendered":"
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S\u00c3O PAULO, Brazil, Dec. 24, 2020 (GLOBE NEWSWIRE) — XP Inc. (Nasdaq: XP)<\/strong>. XP Inc., or XP, a leading, technology-driven platform and a trusted provider of\u00a0low-fee\u00a0financial products and services in Brazil, announced today the acquisition of Riza M&A, an independent financial advisory company. Riza has one of the most seasoned and respected teams in the segment, with experience in important financial institutions and active participation in some of the most relevant M&A transactions over the last decades. Riza\u2019s partners, among them Marco Gon\u00e7alves and Andr\u00e9 Quaresma, will join XP Inc.\u2019s M&A team, enhancing XP\u2019s capabilities to better serve our corporate clients.<\/p>\n

The transaction is aligned with XP Inc.\u2019s strategy to reinforce its Capital Markets ecosystem. \u201cThere is a huge potential for development in the Brazilian Capital Market. At Issuer Services, XP is already number one in Fixed Income and REITs, in addition to being one of the three main players in Equities. A talented and experienced M&A team completes the suite of products and services we can offer to our corporate clients. It is our commitment and focus to deliver the best value proposition to our clients\u201d, commented Pedro Mesquita, partner and head of XP Investment Banking.<\/p>\n

\u201cI am very happy with the opportunity to join the company that is transforming the Brazilian financial industry. By combining our M&A expertise with XP\u2019s differentiated network, I am confident that we will follow a path of high growth over the coming years. Riza\u2019s team and I are really excited to be part of this history, which is just starting,\u201d commented\u00a0Marco Gon\u00e7alves, CEO of Riza M&A and now head of M&A at XP Inc.<\/p>\n

Jos\u00e9 Berenguer, CEO of Banco XP, believes the transaction further reinforces the wholesale bank ecosystem and will position XP as the best option for M&A in Brazil. \u201cWe are glad to have this differentiated M&A team to serve our clients all over Brazil. We want to become our clients\u2019 first option when they plan for the most important deal of their lives,\u201d Berenguer said.<\/p>\n

\n About XP
<\/strong>XP is a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil. XP\u2019s mission is to disintermediate the legacy models of traditional financial institutions by:<\/p>\n