Santander’s $87.1 Million Acquisition of Elavon México Holding


Von Wobeser y Sierra and Alston & Bird advised Elavon, Jáuregui y Del Valle, S.C. advised Santander on the deal.

Santander Group executed an agreement to acquire merchant payment solutions company Elavon México. Currently, Elavon México operates in the country through its strategic partnership with Banco Santander México.

Santander Group will acquire all of the shares in Elavon México for MXN 1,600 million (approximately USD 86 million and EUR 79 million). The company will be 49% owned by Santander Mexico and 51% by Santander Merchant Platform Solutions (SMPS), which belongs to Santander Group.

Jáuregui y Del Valle, S.C. advised Santander on the deal

Von Wobeser y Sierra advised Elavon México Holding Company with Luis Burgueño (Picture), Gloria Martínez Castillo and Max Morales.

In UK and US, Alston & Bird advised Elavon with Richard Willis and Sarah Hess Mackenzie.

Involved fees earner: Sarah Hess Mackenzie – Alston & Bird LLP; Richard Willis – Alston & Bird LLP; Luis Burgueño – Von Wobeser y Sierra SC; Gloria Martínez – Von Wobeser y Sierra SC; Max Morales – Von Wobeser y Sierra SC;

Law Firms: Alston & Bird LLP; Von Wobeser y Sierra SC;

Clients: Elavon México Holding Company;

Author: Ambrogio Visconti.