Announced
Financials
Tags
Argentina
Majority
Acquisition
Payments / Commerce
payment solutions
Private
Pending
Private Equity
Synopsis
Advent International acquired 51% of Prisma Medios de Pago, Argentina’s leading payments company, for $710m. Prisma Medios de Pago’s existing shareholders will retain a 49% stake in the company. “Prisma Medios de Pago is the leading player in a market poised for strong growth driven by the increasing penetration of electronic payments in Argentina,” said Juan Pablo Zucchini, a Managing Partner at Advent International in São Paulo. “We look forward to working with the management team and other shareholders to accelerate the company’s development by investing in next-generation products and services and exploring international expansion opportunities.”
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.