On March 3, 2025, Santander Group announced that it obtained regulatory approval for the acquisition of Tresmares Capital.
Santander Group (“Santander”) announced, on March 3, 2025, that it obtained regulatory approval for the acquisition of 89.9% of Tresmares Capital (“Tresmares”). Under the terms of the transaction, Tresmares will remain independently managed and led by its current CEO, Borja Oyarzábal. Further terms of the transaction were not disclosed.
Santander (NYSE: SAN), based in Santander, Spain, is a multinational financial services company with operations in retail banking, investment banking, insurance, private equity, loans, investment management and wealth management. As of December 2024, Santander had approximately €236 billion in assets under management.
Tresmares, based in Madrid, Spain, is an alternative financing and private equity platform that offers financial solutions to high-growth SMEs and private equity managers. Tresmares has approximately €2.4 billion in commitments.
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