Evertec Group’s $40 Million Acquisition of PayGroup


Barros & Errázuriz, Guyer & Regules, Cariola, Diez, Perez-Cotapos and Calderón & Compañía advised on the deal

EVERTEC, Inc. (NYSE: EVTC) announced that, on June 1, 2017, the Company received U.S. federal bank regulatory approval for the acquisition of EFT Group S.A., a Chilean-based company known commercially as PayGroup at a purchase price of approximately CLP 26,918 million, or approximately US$ 40 million at current exchange rates, subject to customary adjustments.

PayGroup is a payment processing and software company serving primarily financial institutions throughout Latin America. The transaction is subject to customary closing conditions and is anticipated to close in the third quarter 2017. EVERTEC expects to fund the purchase using a combination of cash on hand and funds borrowed under the existing revolving line of credit.

Barros & Errázuriz advised Evertec Group with Carlos Ducci (Picture), Francisco Vial, Gabriel Budnik and José Tomás Lavín.

Guyer & Regules advised Evertec Group with Florencia Castagnola, Javier Berdaguer and Sofía Anza.

Cariola, Diez, Perez-Cotapos advised Tecnopago S.A. and EFT Group S.A. with Gerardo Varela, Nicole Stern and Alejandrina Karlesi.

Calderón & Compañía advised Tecnopago S.A. and EFT Group S.A. with Juan Esteban Montero León and Cristóbal Valdés Dávalos.

Involved fees earner: Juan Esteban Montero León – Calderón & Compañía; Cristóbal Valdés Dávalos – Calderón & Compañía; Florencia Castagnola – Guyer & Regules; Javier Berdaguer – Guyer & Regules; María Sofía Anza – Guyer & Regules; Gerardo Varela – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Nicole Stern – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Alejandrina Karlezi – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Carlos Ducci – Barros & Errázuriz Abogados; Francisco Vial – Barros & Errázuriz Abogados; Gabriel Budnik – Barros & Errázuriz Abogados; José Tomás Lavin – Barros & Errázuriz Abogados;

Law Firms: Calderón & Compañía; Guyer & Regules; Cariola, Díez, Pérez-Cotapos & Cía Ltda; Barros & Errázuriz Abogados;

Clients: Evertec Group, LLC; Tecnopago SA; EFT Group S.A.;

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Author: Ambrogio Visconti.