M&A Deal Summary

EVERTEC Acquires Sinqia

On July 20, 2023, EVERTEC acquired information technology company Sinqia for 2.8B BRL

Acquisition Highlights
  • This is EVERTEC’s 4th transaction in the Information Technology sector.
  • This is EVERTEC’s largest (disclosed) transaction.
  • This is EVERTEC’s 2nd transaction in Brazil.

M&A Deal Summary
Date 2023-07-20
Target Sinqia
Sector Information Technology
Buyer(s) EVERTEC
Deal Type Add-on Acquisition
Deal Value 2.8B BRL
Advisor(s) BTG Pactual Investment Bank (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Sinqia

Sao Paulo, Brazil
Sinqia is a software development and IT services provider for the financial market. The company offers software platforms, such as Sinqia Banks, a solution for checking accounts, credits, receivables, treasury and investments, collections, and SPB and regulatory operations. Sinqia was founded in 1996 and is based in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

EVERTEC

San Juan, Puerto Rico
Category Company
Founded 1988
Sector Information Technology
Employees5,000
Revenue 695M USD (2023)
DESCRIPTION

EVERTEC is a full-service transaction processing business in Latin America, providing a broad range of merchant acquiring, payment processing and business solutions services. EVERTEC was founded in 1988 and is based in San Juan, Puerto Rico.

DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 4 of 5
Type (Add-on Acquisition) 4 of 5
Country (Brazil) 2 of 2
Year (2023) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 Paysmart

Porto Alegre, Brazil

Paysmart provides issuer processing services and BIN Sponsorship services for prepaid programs under domestic and international schemes in Brazil. Paysmart was founded in 2004 and is based in Porto Alegre, Brazil.

Buy R$130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-22 Zunify

Los Angeles, California, United States

Zunify is a QR code payment network that provides tech and regulatory toolboxes for any banking, fintech, or business partner to quickly design, issue, and accept any payment product for consumers. Zunify is based in Los Angeles, California.

Buy -
Mergr

Product

Company

Legal