Transaction · BaaS · 2025

Fictor / Banco Master 2025

Fictor Holding Financeira acquired Banco Master on November 18, 2025.

Target
Banco Master
Acquirer
Fictor Holding Financeira
Announced
November 18, 2025
Sub-sector
BaaS

Transaction overview

  • Fictor Holding Financeira announced the acquisition of Banco Master on November 18, 2025.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Fictor and Arab investors acquire troubled bank, inject R$3B capital to stabilize CDB liabilities and reposition Master toward international markets away from retail.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 18, 2025
Acquirer
Fictor Holding Financeira (Strategic)
Sub-sector
BaaS

Frequently asked questions

When did Fictor Holding Financeira announce the acquisition of Banco Master?

Fictor Holding Financeira announced the acquisition of Banco Master on November 18, 2025.

What sub-sector is Banco Master in?

Banco Master is tracked in the BaaS sub-sector.

Sources

  • oglobo.globo.com /economia/financas/noticia/2025/11/18/uma-solucao-para-o-master-entenda-o-que-esta-em-jogo-na-compra-do-banco-pela-fictor-com-investidores-arabes.ghtml