FERRERE advised Prosegur Cash on the transaction, Dentons advised Nummi S.A. and Findarin S.A.
Prosegur Cash executed the acquisition of 100% of the shares of Nummi S.A. and Findarin S.A., who engage in collection and payment services in Uruguay under the trade name RedPagos and in electronic money issuance and administration under the trade name Midinero.
Uruguay has two major players in the collection and payment services industry, so acquiring one of them is, for Prosegur Cash, an important opportunity. The synergies between the traditional Prosegur business lines (mainly home and business security and valuables logistics) will greatly strengthen the already well-regarded business of RedPagos.
With this acquisition, Prosegur Cash seeks to reinforce its position as provider of comprehensive cash management solutions and complement the services it currently offers to its corporate clients in Uruguay.
The transaction closed on June 1, 2021, and was subject to antitrust and regulatory approvals by the Central Bank of Uruguay, among other conditions agreed to by the parties.
FERRERE advised Prosegur Cash with Santiago Fontana (Picture), Martín Pesce Cutri, Isabel Hounie, Alejandra García Bizzozero, María Clara Porro, Stella Weng, Cecilia Alberti, Greta Heber and María Paula Uhalde.
Dentons advised Nummi S.A. Findarin S.A. with Nicolás Herrera Alonso and Mariana Lartigau.
Involved fees earner: Mariana Lartigau – Dentons; Nicolás Herrera Alonso – Dentons – Jiménez de Aréchaga, Viana & Brause; Cecilia Alberti – Ferrere Attorneys; Santiago Fontana – Ferrere Attorneys; Alejandra García – Ferrere Attorneys; Isabel Hounie – Ferrere Attorneys; Martín Pesce Cutri – Ferrere Attorneys; Clara Porro – Ferrere Attorneys; María Paula Uhalde – Ferrere Attorneys; Stella Weng – Ferrere Attorneys;