Evertec’s Acquisition of EGM Ingeniería sin Fronteras S.A.S.


Posse Herrera Ruiz acted as local counsel to Evertec Inc, while Estudio Siete Legal advised EGM Ingeniería sin Fronteras S.A.S., known commercially as Placetopay.

Evertec Inc (NYSE:EVTC) executed the acquisition of 100% of EGM Ingeniera sin Fronteras S.A.S.

Evertec Inc is a leading full-service transaction processing business in Latin America.

EGM Ingeniera sin Fronteras S.A.S., known commercially as Placetopay, is a leading Colombian gateway and payment services provider.

This acquisition allows Evertec to expand its presence in Colombia, strengthen the Company’s digital product offering in the region and contribute to Evertec’s Latin America growth strategy.

Evertec In-house Counsel included Luis A. Rodrguez, and Jorge R. de Jess Medina.

The Posse Herrera Ruiz team was led by Partners Oscar Tutasaura (Picture), Carolina Camacho, and also included Cristian Lozano and Daniel Meza.

Estudio Siete Legal team included Partner Carlos Duque and Associate Alejandra Cuartas.

Involved fees earner: Alejandra Cuartas Morales – Estudio Siete Legal; Carlos Alejandro Duque – Estudio Siete Legal; Carolina Camacho – Posse Herrera Ruiz; Cristian Lozano – Posse Herrera Ruiz; Oscar Tutasaura – Posse Herrera Ruiz;

Law Firms: Estudio Siete Legal; Posse Herrera Ruiz;

Clients: EGM Ingeniería sin Fronteras S.A.S.; Evertec Group, LLC;

Author: Ambrogio Visconti.