On the Record · UBS
UBS acquisitions, on the record
The businesses UBS bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Credit Suisse Group AGWord for word“On 12 June 2023, UBS Group AG acquired Credit Suisse Group AG, succeeding by operation of Swiss law to all assets and liabilities of Credit Suisse Group AG, and became the direct or indirect shareholder of all of the former direct and indirect subsidiaries of Credit Suisse Group AG (the Transaction).” 20-F for 2023 | acquisition | 12 June 2023 | — |
51% stake in UBS Hana Asset Management Co., Ltd.Word for word“In October 2023, we completed the sale of our 51% stake in UBS Hana Asset Management Co., Ltd. to Hana Securities, after that firm exercised its buyout option.” 20-F for 2023 | divestiture | October 2023 | — |
40% minority interest in real estate joint venture with AventicumWord for word“In addition, we completed the acquisition of the 40% minority interest in our real estate joint venture with Aventicum and now own 100% of the business.” 20-F for 2023 | acquisition | — | — |
Brazilian real estate fund management businessWord for word“In December 2023, we announced the sale of our Brazilian real estate fund management business to Patria Investments; the transaction is subject to the approval of the investors in the relevant funds and customary anti-trust approvals.” 20-F for 2023 | agreed divestiture | December 2023 | — |
management of three funds in MexicoWord for word“We also transferred the management of our three funds in Mexico to Catena Activos Alternativos and, with this sale, exited the asset management business in this market.” 20-F for 2023 | divestiture | — | — |
Credit Suisse AGWord for word“In December 2023, the Board of Directors of UBS Group AG approved the merger of UBS AG and Credit Suisse AG, and both entities entered into a definitive merger agreement.” 20-F for 2023 | agreed acquisition | December 2023 | — |
Credit Suisse Group AGWord for word“As a result of further negotiations and supported by distinct government guarantees and measures, the firms subsequently entered into a merger agreement on 19 March 2023.” 20-F for 2024 | merger | 19 March 2023 | — |
Credit Suisse AGWord for word“UBS AG entered into a definitive merger agreement with Credit Suisse AG on 7 December 2023, which was filed as Exhibit 4.22 to UBS's Annual Report on Form 20-F for the fiscal year ended December 31, 2023.” 20-F for 2024 | merger | 7 December 2023 | — |
Credit Suisse (Schweiz) AGWord for word“Also, UBS Switzerland AG and Credit Suisse (Schweiz) AG entered into a merger agreement on 9 February 2024, which was filed as Exhibit 4.23 to UBS's Annual Report on Form 20-F for the fiscal year ended December 31, 2023.” 20-F for 2024 | merger | 9 February 2024 | — |
PaineWebberWord for word“In 2000, we acquired PaineWebber, a US brokerage and asset management firm with roots going back to 1879, establishing us as a significant player in the US.” 20-F for 2024 | acquisition | In 2000 | — |
S.G. WarburgWord for word“In contrast, SBC had grown mainly through strategic partnerships and acquisitions, including S.G. Warburg in 1995.” 20-F for 2024 | acquisition | 1995 | — |
Credit Suisse Hedging-Griffo Real Estate (Brazilian real estate fund management business)Word for word“During 2024, we completed a number of non-core divestments, including the sales of our Brazilian real estate fund management business (Credit Suisse Hedging-Griffo Real Estate), Credit Suisse Insurance Linked Strategies Ltd and our 62% majority stake in Credit Suisse Investment Partners.” 20-F for 2024 | divestiture | During 2024 | — |
Credit Suisse Insurance Linked Strategies LtdWord for word“During 2024, we completed a number of non-core divestments, including the sales of our Brazilian real estate fund management business (Credit Suisse Hedging-Griffo Real Estate), Credit Suisse Insurance Linked Strategies Ltd and our 62% majority stake in Credit Suisse Investment Partners.” 20-F for 2024 | divestiture | During 2024 | — |
62% majority stake in Credit Suisse Investment PartnersWord for word“During 2024, we completed a number of non-core divestments, including the sales of our Brazilian real estate fund management business (Credit Suisse Hedging-Griffo Real Estate), Credit Suisse Insurance Linked Strategies Ltd and our 62% majority stake in Credit Suisse Investment Partners.” 20-F for 2024 | divestiture | During 2024 | — |
50% interest in SwisscardWord for word“In January 2026, we completed the sale of our 50% interest in Swisscard to American Express, and we expect to record a gain on sale in the first quarter of 2026.” 20-F for 2025 | divestiture | In January 2026 | — |
Credit Suisse Securities (China) LimitedWord for word“These losses were partly offset by gains of USD 128m from the sale of a stake in CSS, USD 97m from the sale of Select Portfolio Servicing and USD 64m from the Swisscard transactions.” 20-F for 2025 | divestiture | — | USD 128m |
wealth management business in IndiaWord for word“There was also a release of USD 42m related to other financial liabilities in Global Wealth Management and a gain of USD 33m from the sale of our wealth management business in India.” 20-F for 2025 | divestiture | — | USD 33m |
Credit Suisse (USA) LLCWord for word“UBS Americas Inc and Credit Suisse (USA) LLC entered into a merger agreement on 2 February 2026 which became effective on that date.” 20-F for 2025 | merger | 2 February 2026 | — |
Read from UBS’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-09. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.