EVERTEC - M&A Summary and Business Overview

Information TechnologyCompany

EVERTEC M&A Summary

EVERTEC has acquired 4 companies, including 3 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 2 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 511M USD for 2020 and 487M USD for 2019.

How many employees does EVERTEC have?

EVERTEC has 2,500 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 Activity4
- M&A Buy Activity4
Total Sectors Invested 1
Total Countries Invested 2
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.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.6/yr)	#	1	-	-	1	2	-	4
Buy (0.6/yr)	vol	$39M			$60M	$819M		$918M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								4

Most Recent M&A

Company	Date	Value	Type
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		4 (100%)	918M (100%)	-	-
Total		4	$918M	-	-

By Geo

State/Country	Buy	Value	Sell	Value
Brazil	2	819M	-	-
Chile	2	99M	-	-
Domestic	-	-	-	-
Cross-border	4 (100%)	918M (100%)	-	-
Total	4	$918M	-	-

Top M&A Advisors

Financial	Deals
Truist Securities	1
Evercore Group	1
Goldman Sachs	1

Legal	Deals
Latham & Watkins	1
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados	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

511 5%	2020
487 8%	2019
454 12%	2018
407	2017
(millions of USD)	Show More Show Less

Employees

2,500

Established

1988

Public

NYSE: EVTC

Former Name

Carib Latam Holdings, Inc.

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Information Technology Companies , Puerto Rico Companies

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EVERTEC - M&A Summary and Business Overview

Information TechnologyCompany