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.

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

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

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