M&A Deal Summary

Banco Bilbao Vizcaya Argentaria Acquires Openpay SAPI de C.V.

On December 23, 2016, Banco Bilbao Vizcaya Argentaria acquired internet software and services company Openpay SAPI de C.V.

Acquisition Highlights
  • This is Banco Bilbao Vizcaya Argentaria’s 2nd transaction in the Internet Software and Services sector.
  • This is Banco Bilbao Vizcaya Argentaria’s 1st transaction in Mexico.

M&A Deal Summary

Date 2016-12-23
Target Openpay SAPI de C.V.
Sector Internet Software and Services
Buyer(s) Banco Bilbao Vizcaya Argentaria
Deal Type Add-on Acquisition

Target

Openpay SAPI de C.V.

Santiago de Querétaro, Mexico
Openpay SAPI de C.V. is a payment service provider (PSP) that allows users to make card, cash and loyalty-points payments and banks transfers via computer and smartphone.

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Buyer(S) 1

Buyer

Banco Bilbao Vizcaya Argentaria

Bilbao, Spain

Category Company
Founded 1857
Sector Financial Services
Employees124,741
Revenue 39.2B EUR (2024)
DESCRIPTION

Banco Bilbao Vizcaya Argentaria is a global financial group that operates a customer-focused retail business model, offering clients a comprehensive range of financial and non-financial products and services around the world. Banco Bilbao Vizcaya Argentaria was founded in 1857 and is based in Bilbao, Spain.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Mexico M&A 1 of 1
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-07 Holvi Payment Services

Helsinki, Finland

Holvi Payment Services Ltd. is an online business banking service. Holvi provides net banking services for business owners to track cashflow, send invoices and automate their bookkeeping.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Divarian

Madrid, Spain

Divarian is an owner and operator of a real estate assets. Divarian is based in Madrid, Spain.

Sell -