Bradesco, Banco do Brasil and Elopar to acquire Cielo for $1.18bn.

Financials

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Transaction Value£938m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium6.4%

One Off Charge-

target

Cielo

bidder

Banco Do Brasil

bidder

Banco Bradesco

bidder

ELOPAR

Sources

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Tags

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Brazil

Majority

Friendly

Single Bidder

Tender Offer

payment solutions

Payments / Commerce

Acquisition

Domestic

Public

Pending

Synopsis

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Bradesco, a Brazilian financial services company, Banco do Brasil, a Brazilian financial services company, and Elopar, a financial services company, agreed to acquire Cielo, a Brazilian credit and debit card operator, for $1.18bn.

Bradesco, Banco do Brasil and Elopar to acquire Cielo for $1.18bn.

target

bidder

bidder

bidder

financial advisors