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Announced

Completed

Sinqia completed the acquisition of NewCon for $75m.

Financials

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Transaction Value£56m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Brazil

Majority

Domestic

Single Bidder

Private

Software

Completed

software development

Synopsis

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Sinqia, a Brazilian financial technology provider, completed the acquisition of NewCon, a local developer of software for consortiums, for $75m. Sinqia said it had decided to focus on the segment during Brazil's interest rate-hike cycle, noting that higher borrowing rates make consortiums more attractive.

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