We communicate, in compliance with CVM Instruction 358, the indirect acquisition of all quotas of Partec Tecnologia Ltda. and NVA Representações e Participações EIRELI (together, “Softpar”).
Softpar is among the leading providers of software for banks, finance societies and development agencies, and reported gross revenues of R$ 18.2 million in 2018.
The initial acquisition price will be R$ 32.0 million, consisting of a Cash Payment of R$ 18.0 million paid today, and a Deferred Payment of R$ 14.0 million to be paid in 5 annual installments starting from the 1st closing anniversary.
The final acquisition price may be increased by an Earn-Out of up to R$ 6.0 million to be paid in 2021, subject to the achievement of a goal.
The signing of the Share Purchase Agreement was authorized by the Company’s Board of Directors, and the hypotheses covered by Article 256 of Law 6,404/76 were not verified.