GPS Investimentos Financeiros e Participações S.A.’s Partnership Agreement with Magnetis Gestora de Recursos Ltda


Machado Meyer and Dias Carneiro advised on the deal

GPS Investimentos Financeiros e Participações S.A., a fully owned subsidiary of the Julius Baer Group, has signed a partnership agreement with Magnetis Gestora de Recursos Ltd., a leading digital financial advisor in Brazil. Over the course of two years, GPS will acquire a minority stake in Magnetis, which manages BRL 250 million in AuM, for an undisclosed amount.

This partnership agreement underlines Julius Baer’s clear strategic commitment to smart and focused market coverage. The partnership will allow Julius Baer to capitalise on the growing market of upcoming younger tech-conscious investors in one of its core markets.

With its current Brazilian presence – through the fully-owned subsidiaries GPS with BRL 31 billion (CHF 8 billion) in AuM, and Reliance Group with BRL 20 billion (CHF 5 billion) in AuM – Julius Baer is the largest local independent wealth manager.

Magnetis, founded in 2012 and located in São Paulo, is a fully-registered CVM (Brazilian Securities and Exchange Commission) investment manager. It offers a scalable platform for investment advice and automated portfolio management solutions through a digital interface, appealing to the growing market of upcoming younger investors.

Machado Meyer advised GPS Investimentos Financeiros e Participações S.A. and Julius Baer Group Ltd with Eduardo Castro (Picture), Fernando Tonanni, Arthur Bardawil Penteado, Alexandre Leite Barbosa, Mariana Meditsch and Tatiana Machado Soares.

Dias Carneiro advised Magnetis Gestora de Recursos Ltda with Artur Fernandes Andrezo, Eduardo Zilberberg and Karin Luiza Fernandes Rocha.

Involved fees earner: Artur Fernandes Andrezo – Dias Carneiro Advogados; Karin Luiza Fernandes Rocha – Dias Carneiro Advogados; Eduardo Zilberberg – Dias Carneiro Advogados; Arthur Bardawil Penteado – Machado Meyer Advogados; Eduardo Castro – Machado Meyer Advogados; Alexandre Leite Barbosa – Machado Meyer Advogados; Tatiana Machado Soares – Machado Meyer Advogados; Mariana Meditsch – Machado Meyer Advogados; Fernando Tonanni – Machado Meyer Advogados;

Law Firms: Dias Carneiro Advogados; Machado Meyer Advogados;

Clients: GPS Investimentos Financeiros e Participações S.A. ; Julius Baer; Magnetis Gestora de Recursos Ltda;

Author: Ambrogio Visconti.