Red Digital has sold a 60% stake to Movilway S.L.
February 2019 — 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.
Our role in the transaction
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.
Talk to the deal team
Related deals
Be-Cloud has been acquired by PSG Equity
Be-Cloud, backed by B&Capital since 2021, has been acquired by PSG Equity, a leading growth equity firm specializing in software and technology-enabled services. The transaction marks the full exit of B&Capital and the reinvestment of Be-Cloud’s founders, Lenny and Sébastien Vercruysse, alongside PSG Equity.
Learn moreBIG BIO Herlev and BIG BIO Nordhavn have been acquired by Nordisk Film Biografer
BIG BIO Herlev and BIG BIO Nordhavn, two premium cinemas in the Copenhagen area, have been acquired by Nordisk Film Biografer, part of Nordisk Film, which is owned by Egmont. The acquisition expands Nordisk Film Biografer’s presence in the Danish cinema market and strengthens its premium cinema offering, adding two established venues to its portfolio.
Learn moreFreeway Fleet Systems has been acquired by Movement Software
Freeway Fleet Systems has been acquired by Movement Software, strengthening its position as a leading provider of fleet management and maintenance software while expanding the group’s presence into the UK market. As a strategic consolidator focused on transportation and mobility software, Movement Software will benefit from immediate product and customer synergies, with Freeway providing a strong platform for further geographic expansion across key fleet end markets.
Learn more