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

The management of Groupe JVS has led a new OBO alongside Parquest Capital and Bpifrance
Private Equity | TMT

The management of Groupe JVS has led a new OBO alongside Parquest Capital and Bpifrance

Upon completion of this tertiary OBO, Groupe JVS’s management team, led by CEO Nebojsa Jankovic, increases its ownership and remains the majority shareholder of the group, alongside Parquest Capital and Bpifrance. Apax Partners Development and UI Gestion sold their shares after partnering for four years.

Learn more
Bango plc growth capital for expansion
Financial Services | TMT

Bango plc growth capital for expansion

Bango plc has raised capital to finance its expansion plans.

Learn more
Bright Network has completed a fundraising
Business Support Services | TMT

Bright Network has completed a fundraising

Bright Network has completed a fundraising to help support its continued growth.

Learn more