Herbert Smith Freehills Kramer advises BTG Pactual on acquisition of HSBC Uruguay

Leading global law firm Herbert Smith Freehills Kramer has advised Banco BTG Pactual (BTG), one of the largest investment banks in Latin America, on the successful completion of its acquisition of 100% of the share capital of, and of additional capital instruments issued by, HSBC Uruguay.

The completion of the acquisition of HSBC Uruguay is part of BTG's Latin America strategy. HSBC Uruguay offers a wide range of financial products and solutions in the Wealth & Personal Banking, Investment Banking, and Corporate Lending & Business Banking segments, catering to diverse client needs.

The Herbert Smith Freehills Kramer team was led by Corporate partners Mark Bardell and Laura Hulett, supported by senior associates Marcelo Valenca, Mehdi Tedjani and Erika Joseph and associate Lucy Kelly. The wider team across the firm's TMT, Employment, Pensions and Incentives, Finance and Tax practices included partners Nick Pantlin, Hayley Brady, Mark Ife, Nick Wright, Casey Dalton and Amy Geddes, of counsel Terence Lau, senior associates James Hollis, Christopher White and William Garton and associate Isha Goel.

Partner Mark Bardell said: "We are delighted to have seen this transaction through to a successful completion for BTG, a long-standing client of our firm. This deal further strengthens BTG's position across Latin America and reflects our team's expertise in advising leading global financial institutions on complex cross-border transactions."

The transaction completed on 10 July 2026, following receipt of all required regulatory approvals.