Go to deals
Financial Services | TMT | Private Equity

PayGroup has been acquired by Evertec, Inc.

Mater Private Equity has sold PayGroup to Evertec, Inc.

PayGroup, a Chilean-based group that emerged from the integration of EFT Group and Uruguayan PayTrue, is the leading company in the development of transactional, payment, collection, card core (credit/debit/prepaid) solutions, fraud and AML (anti money laundering), with presence in more than 15 countries in Latin America. With 20 years of experience, the company was created by a group of entrepreneurial engineers who detected a need in the financial industry and developed a successful business idea, from which they were able to build a company that today competes in the most complex markets of the region and is a leader in Latin America.

Evertec (NYSE: EVTC)is a leading full-service transaction processing business in Latin America, providing a broad range of merchant acquiring, payment processing and business solutions services. The company manages a system of electronic payment networks that process more than 2.1 billion transactions annually and offers a comprehensive suite of services for core bank processing, cash processing and technology outsourcing. In addition, it owns and operates the ATH® network, one of the leading personal identification number (PIN) debit networks in Latin America. Based in Puerto Rico, Evertec operates in 19 Latin American countries and serves a diversified customer base of leading financial institutions, merchants, corporations and government agencies with mission-critical technology solutions.

Mater Fund Administrator started its operation in early 2010, from the association of a group of expert managers in administration of investment funds who, until then, operated under the name of UMM Capital, and Activa SpA, a LarraínVial company committed to private equity development.

Oaklins' team in Chile advised the seller in this transaction.

Parties

Talk to the deal team

 Raimundo  Silva

Raimundo Silva

Partner
Santiago, Chile
Oaklins LarrainVial

Related deals

HC Partners has successfully raised debt financing for the acquisition of AQ Group
Private Equity | Business Support Services

HC Partners has successfully raised debt financing for the acquisition of AQ Group

HC Partners, a Netherlands-based private equity firm, has raised debt financing for its acquisition of the HVAC installation business AQ Group. The financing was provided by ING and Aegon Asset Management. The tailored debt package provides the necessary flexibility in accordance with HC Partners’ vision and AQ Group’s foreseen growth trajectory.

Learn more
Driv Kapital enters into partnership with renowned specialized IT consultancies SOCO, Gnist and Forse
Private Equity | TMT

Driv Kapital enters into partnership with renowned specialized IT consultancies SOCO, Gnist and Forse

Driv Kapital Fund I has acquired 38% of the shares in the newly established group consisting of Soco Norge AS (SOCO), Gnist Consulting AS (Gnist), Forse.NET AS (Forse.NET) and Forse Mobil AS (Forse Mobil). The companies’ founders, management and employees will own the remaining 62%. The partnership involves the creation of a new parent company which will have 100% ownership in all the companies, which until now have been owned by their founders and employees.

Learn more
Unica has agreed to acquire the Dutch fire & gas business unit from Dräger
Private Equity | Business Support Services | Construction & Engineering Services

Unica has agreed to acquire the Dutch fire & gas business unit from Dräger

Unica, one of the largest providers of technical services in the Netherlands, has signed an agreement for the acquisition of Dräger's Dutch fire & gas business unit. With this acquisition, Unica strengthens its fire safety portfolio. The acquisition of the specialist in fire and gas detection and fire extinguishing materials results in a deepening and expansion of Unica’s fire safety cluster, a leading player in integrated fire safety solutions with 450 specialists.

Learn more