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New Deal


Announced

Santander to acquire Superdigital from its Brazilian unit for $60m.

Financials

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Transaction Value£46m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

fintech solutions

Pending

financial services

Acquisition

Private

Brazil

financial services provider

FinTech

Majority

Single Bidder

Synopsis

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Spain’s Banco Santander, a commercial bank and financial services company, is set to acquire Superdigital, a fintech company, from Banco Santander Brasil for $60m. The Brazilian unit said that after the sale, the Spanish group plans to launch Superdigital virtual wallets in more countries. Superdigital, which was acquired by Santander Brasil in 2017, has 1.9m accounts.

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