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

Related deals

Nothelle Group has been acquired by Perpetua
Business Support Services | TMT

Nothelle Group has been acquired by Perpetua

The private shareholder of Nothelle Group, a German provider of innovative customer contact services, has sold a majority stake to the Berlin-based financial investor Perpetua Holding GmbH.

Learn more
Talent Base has been acquired by Loihde Group
TMT

Talent Base has been acquired by Loihde Group

Talent Base has been acquired by Loihde Group from founders and key personnel of the company.

Learn more
VækstPartner Kapital and founders and management sell CIM Industrial Systems to XANO
Private Equity | TMT

VækstPartner Kapital and founders and management sell CIM Industrial Systems to XANO

VækstPartner Kapital and the founders and management of the leading pharma/industry 4.0 production software specialist CIM Industrial Systems A/S have sold the company to the listed Swedish group XANO Industri AB.

Learn more