Fidelidade agrees to acquire a 70% stake in IM Gestão de Ativos (“IMGA”)
8 JAN, 2026
By Joanna Piwko from RankiaPro Europe
Once completed, the transaction will increase the Group’s assets under management to around €25 billion and position Fidelidade as Portugal’s largest independent private investment fund manager, according to APFIPP.
Fidelidade, through its wholly owned subsidiary FID Asset Management, SGPS, S.A., signed on December 30 an agreement to acquire 70% of IM Gestão de Ativos, Sociedade Gestora de Organismos de Investimento Coletivo, S.A. (“IMGA”). Subject to regulatory approvals, the deal will make Fidelidade the majority shareholder of one of the most established asset managers in the Portuguese market.
The transaction strengthens Fidelidade’s position in savings and investment, expanding its ability to develop long-term solutions alongside its distribution partners, in response to increasing longevity and the growing need for financial planning.
According to Rogério Campos Henriques, CEO of Fidelidade, the transaction will enhance the Group’s capacity to deliver long-term savings and investment solutions, supporting better retirement preparation and financial security.
Iñigo Trincado, Executive Chairman of the CIMD Group, noted that Fidelidade’s entry recognizes IMGA’s strong track record, preserves its management team and culture, and adds scale and ambition to the project.
Emanuel Silva, CEO of IMGA, described the transaction as an opportunity to accelerate growth, expand activities, and compete more effectively at an international level, while maintaining the firm’s fiduciary principles.
Founded over 35 years ago, IMGA has built a reputation for disciplined management, robust processes, and risk-focused investment solutions. The current management team will remain in place, ensuring continuity for clients, investors, and partners.
