EVERTEC - M&A Summary and Business Overview

Information TechnologyCompany

EVERTEC M&A Summary

EVERTEC has acquired 5 companies, including 4 in the last 5 years.

EVERTEC’s largest acquisition to date was in 2023, when it acquired Sinqia S.A. for $783M. EVERTEC has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include information technology (100%).

EVERTEC Business Overview

Where is EVERTEC headquartered?

EVERTEC is headquartered in San Juan, Puerto Rico.

What is EVERTEC’s revenue?

EVERTEC disclosed revenue of 695M USD for 2023 and 618M USD for 2022.

How many employees does EVERTEC have?

EVERTEC has 5,000 employees.

What sector is EVERTEC in?

EVERTEC is an information technology company.

When was EVERTEC founded?

EVERTEC was founded in 1988.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Advisors 5

EVERTEC

EVERTEC, Inc.

Cupey Center Building Road 176 Kilometer 1.3,
San Juan, PR 00926
Puerto Rico,
(787) 759-9999
www.evertecinc.com

EVERTEC is a full-service transaction processing business in Latin America, providing a broad range of merchant acquiring, payment processing and business solutions services. EVERTEC was founded in 1988 and is based in San Juan, Puerto Rico.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 1 - - 1 2 1 5
vol $39M $60M $819M $918M
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
Zunify, Inc. 2024-05-22 - Add-on Acquisition
Los Angeles, California · www.zunify.com
Sinqia S.A. 2023-07-20 783M BRL Add-on Acquisition
Sao Paulo, Brazil · www.sinqia.com.br
Paysmart Pagamentos Eletronicos Ltda 2023-02-22 36M BRL Add-on Acquisition
Porto Alegre, Brazil · www.paysmart.com.br
BBR SpA 2022-02-24 60M USD Add-on Acquisition
Santiago, Chile · www.bbr.cl
EFT Gropu SA (dba PayGroup) 2017-07-03 39M USD Add-on Acquisition
Santiago, Chile
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 5 (100%) 918M (100%) - -
Total 5 $918M - -

By Geo

State/Country Buy Value Sell Value
Brazil 2 819M - -
Chile 2 99M - -
United States 1 - - -
  California 1 - - -
Domestic - - - -
Cross-border 5 (100%) 918M (100%) - -
Total 5 $918M - -

Top M&A Advisors

Financial Deals
Evercore Group
 1
Goldman Sachs
 1
Truist Securities
 1
Legal Deals
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados
 1
Latham & Watkins
 1

Deal Values

buy # Total
$100M to $1B 1 $783M
< $100M 3 $134M
TOTAL $918M
Largest Sinqia S.A.
$783M (2023-07-20)

Company Summary

SECTOR

Information Technology

Revenue

695   13% 2023
618   5% 2022
590   16% 2021
511   5% 2020
487   8% 2019
454   12% 2018
407   2017
(millions of USD) Show More Show Less

Employees

5,000

Established

1988

Public

NYSE: EVTC

Former Name

Carib Latam Holdings, Inc.

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Related Lists for EVERTEC

Information Technology Companies , Puerto Rico Companies

Related Lists for Information Technology Companies

Largest Information Technology Companies , Acquisitive Information Technology Companies , Recently Acquired Information Technology Companies , Recently Sold Information Technology Companies , Private Information Technology Companies , Public Information Technology Companies , Acquired Information Technology Companies , PE Backed Information Technology Companies

Related Lists for Puerto Rico Companies

Largest Puerto Rico Companies , Acquisitive Puerto Rico Companies , Recently Acquired Puerto Rico Companies , Recently Sold Puerto Rico Companies , Private Puerto Rico Companies , Public Puerto Rico Companies , Acquired Puerto Rico Companies , PE Backed Puerto Rico Companies
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