Sinqia completed the acquisition of NewCon for $75m.

Synopsis

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.

Principals

target

NEWCON

bidder

Sinqia

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Market Context

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Bidder Team (2)

thiago rocha

CFO at SINQIA SA

Manager

bidder

Deals

£ 526 M

Total Value

bernardo francisco pereira gomes

CEO at SINQIA SA

Manager

bidder

Deal

£ 56 M

Total Value

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