Go to deals
Financial Services | TMT

Red Digital has sold a 60% stake to Movilway S.L.

The private shareholders of Red Digital have sold a 60% stake in the company to Movilway S.L. Financial details have not been disclosed.

Red Digital is a digital processing, distribution and cash collection company. It operates a network of distributors nationwide that provides retailers the possibility of selling digital products such as recharge of virtual cell phones, pins and payment of services, among others, in a cost-effective, easy and safe way. Red Digital has more than 120,000 points of sale and 550 employees.

Movilway, an electronic payment distribution platform and a mobile top-up distributor, provides electronic recharge services and payment systems for prepaid mobile phones. The company addresses the financial necessities of unbanked users. It serves customers through a network of direct points of sale in Latin America and internationally. The company was founded in 2010 and is based in Madrid, Spain. Movilway S.L. operates as a subsidiary of Celistics Holdings S.L.

Oaklins' team in Peru acted as the exclusive financial advisor of the shareholders of Red Digital in the sale of 60% of the shares of the company. The remaining 40% is owned by Telefónica del Perú.

Service
M&A sell-side
Parties

Talk to the deal team

 Eduardo  Campos

Eduardo Campos

Partner

Lima, Peru
Oaklins APOYO
 Joaquin  Uranga

Joaquin Uranga

Analyst

Lima, Peru
Oaklins APOYO

Related deals

Dutch Star Companies TWO successfully lists in a US$130 million IPO
Financial Services

Dutch Star Companies TWO successfully lists in a US$130 million IPO

Dutch Star Companies TWO (DSC2), powered by Oaklins Netherlands, has raised US$130 million and has successfully listed on Euronext Amsterdam with the aim of forming a business combination with a Dutch mid-sized target company.

Learn more
Oaklins supports project management SaaS platform Rodeo Software in raising growth capital
TMT

Oaklins supports project management SaaS platform Rodeo Software in raising growth capital

Leading project management SaaS platform Rodeo Software has raised €7.5 million to accelerate global roll-out.

Learn more
S.R. Accord has issued bonds worth US$55 million
Financial Services

S.R. Accord has issued bonds worth US$55 million

S.R. Accord Ltd. has completed a fundraising to refinance and develop the company.

Learn more