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New Deal


Announced

Open Co to merge with BizCapital.

Financials

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

Sources

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Tags

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Brazil

business loans

Consumer Lending

Acquisition

Domestic

Merger

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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Open Co, a fintech company in unsecured loans for natural persons, agreed to merge with BizCapital, a fintech that offers loans to small and medium-sized companies. Financial terms were not disclosed. "As we have never been direct competitors, this relationship had been going on for some time now. I have been following Biz closely since the foundation and I became part of the board. We are the separated brothers in the maternity hospital," Sandro Reiss, Open Co CEO.

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