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M&A Deal Summary

Banco do Brasil Acquires Cielo

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

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

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
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