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New Deal


Announced

Completed

Popular completed the acquisition of the key customer channels businesses of Evertec for $197m.

Financials

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Transaction Value£140m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

financial sercives

Private

Single Bidder

United States

Financial Data and Systems

Completed

customer channels

Acquisition

Domestic

Majority

Synopsis

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Popular, a bank holding company, completed the acquisition of the key customer channels businesses of Evertec, a financial services company, for $197m. “This transaction allows Popular to accelerate its ongoing digital transformation and continue improving our clients’ experience. With the ability to manage our key customer channels and greater flexibility to choose the best technology partners, we will be able to more quickly enhance the services that we offer through our digital platforms, as well as the sales and account maintenance processes we offer through all our channels. We aspire to provide an omnichannel experience that meets all of our clients’ needs and expectations,” Ignacio Alvarez, Popular President and CEO.

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