X

05/20/2019

Acquisition of Softpar

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.

Search

News

Acquisition of Softpar
Settlement of the Debentures
Dividends payment
Acquisition of ADSPrev
Change of ticker and trading name
Headquarters Change
Closing of the Acquisition of Atena