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  5. Corpay Acquires Servicio de Transferencia Electrónica de Beneficios y Pagos S.A. de C.V.

M&A Deal Summary

Corpay Acquires Servicio de Transferencia Electrónica de Beneficios y Pagos S.A. de C.V.

On March 12, 2012, Corpay acquired information technology company Servicio de Transferencia Electrónica de Beneficios y Pagos S.A. de C.V. from NovoPayment

Acquisition Highlights
  • This is Corpay’s 3rd transaction in the Information Technology sector.
  • This is Corpay’s 2nd transaction in Mexico.

M&A Deal Summary
Date 2012-03-12
Target Servicio de Transferencia Electrónica de Beneficios y Pagos S.A. de C.V.
Sector Information Technology
Buyer(s) Corpay
Sellers(s) NovoPayment
Deal Type Divestiture

Target

Servicio de Transferencia Electrónica de Beneficios y Pagos S.A. de C.V.

Colima, Mexico
Servicio de Transferencia Electrónica de Beneficios y Pagos S.A. de C.V. is a provider of prepaid solutions backed by MasterCard and Prosa.

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Buyer(S) 1

Buyer

Corpay

Atlanta, Georgia, United States
Category Company
Founded 1986
Sector Business Services
Employees11,200
Revenue 4.0B USD (2024)
DESCRIPTION
Entrance to FleetCor's corporate headquarters in Norcross, Georgia.
Entrance to FleetCor's corporate headquarters in Norcross, Georgia.

Corpay is a global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. Corpay was formed in 1986 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 5 of 37
Sector: Information Technology M&A 3 of 11
Type: Divestiture M&A Deals 3 of 10
Country: Mexico M&A 2 of 2
Year: 2012 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 Transferencia Electrónica de Beneficios S.A. de C.V.

Colima, Mexico

Transferencia Electrónica de Beneficios S.A. de C.V. is a provider of payment services via the Bonus® Alimentación prepaid reloadable card.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-11 CTF Technologies

Vancouver, British Columbia, Canada

CTF Technologies, Inc. provides fuel payment processing services for over-the-road fleets, ships, mining equipment, and railroads in Brazil. CTF’s payment platform links together fleet operators, two of the largest Brazilian banks, Bradesco and Itau, and the two largest Brazilian oil companies, Petrobras and Ipiranga.

Buy $180M

Seller(S) 1

SELLER

NovoPayment

Miami, Florida, United States
Category Company
Founded 2004
Sector Information Technology
DESCRIPTION

NovoPayment is a financial and payment infrastructure service provider specializing in delivering digital banking, payments and card solutions. NovoPayment is based in Miami, Florida.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Mexico M&A 2 of 2
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 Transferencia Electrónica de Beneficios S.A. de C.V.

Colima, Mexico

Transferencia Electrónica de Beneficios S.A. de C.V. is a provider of payment services via the Bonus® Alimentación prepaid reloadable card.

Sell -
Mergr

Product

Company

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