M&A Deal Summary

Banco do Brasil and Banco Bradesco Acquire Cielo

On February 4, 2024, Banco do Brasil and Banco Bradesco acquired internet software and services company Cielo for 1.2B USD

Acquisition Highlights
  • This is Banco do Brasil’s 1st and Banco Bradesco’s 1st transaction in the Internet Software and Services sector.
  • This is Banco do Brasil’s and Banco Bradesco’s largest (disclosed) transaction.
  • This is Banco do Brasil’s 1st and Banco Bradesco’s 1st transaction in Brazil.

M&A Deal Summary

Date 2024-02-04
Target Cielo
Sector Internet Software and Services
Buyer(s) Banco do Brasil
Banco Bradesco
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Cielo

Barueri, Brazil
Cielo is a credit card processor, offers electronic payment products and services, innovative solutions in complementary segments, and capturing, transmission, processing and settlement services involving credit and debit card transactions. Cielo was founded in 1995 and is based in Barueri, Brazil.

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Buyer(S) 2

Buyer

Banco do Brasil

Brasília, Brazil

Category Company
Founded 1808
Sector Financial Services
Revenue 141.8B BRL (2024)
DESCRIPTION

Banco do Brasil is an oldest bank, a major state-controlled financial institution offering retail, corporate, and investment banking, insurance, and wealth management, serving diverse clients from individuals to large corporations. Banco do Brasil was founded in 1808 and is based in Brasilia, Brazil.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Brazil M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
Buyer

Banco Bradesco

Osasco, Brazil

Category Company
Founded 1943
Sector Financial Services
Employees81,657
Revenue 105.3B BRL (2024)
DESCRIPTION

Banco Bradesco is a banking and financial services company in Brazil with over 4,600 branches, serving over 71 million customers, for which a broad portfolio of products and services are available, including Bradesco's strong digital channel platform. Banco Bradesco was founded in 1943 and is based in Osasco, Brazil.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Brazil M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 NCR Manaus

Amazonas, Brazil

NCR Manaus Ltda is a provider of manufacturing and engineering services for ATM Machines. NCR Manaus was founded in 2009 and is based in Amazonas, Brazil.

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