CIMD Intermoney Group and Beka Group have reached an agreement to integrate their financial businesses, subject to final approval by the governing bodies of both entities and authorization from the Spanish National Securities Market Commission (CNMV).
This integration represents a strategic step for both groups, significantly expanding the range of products and solutions offered to their clients.
The deal includes the incorporation of several of Beka’s business areas into CIMD Intermoney: financing solutions for SMEs and corporates (Beka Credit), securitization fund management (Beka Titulización, SGFT), real estate investment (Beka Real Estate), alternative asset management (Beka Asset Management, SGIIC), and mergers and acquisitions advisory (Beka M&A).
Through this transaction, CIMD Intermoney Group will strengthen its management structure with the addition of highly regarded professionals.
The newly integrated entity will consist of nearly 500 professionals, bringing the experience and vision needed to face this new challenge.
Beka Group will become a key shareholder of the resulting entity and will continue to hold stakes in portfolio companies such as Secuoya and Madrid Artes Digitales, in addition to retaining its Beka Alpha division, which specializes in SME investment and alternative financing for real estate assets, among others.
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