We communicate, that we signed on this date, a sale and purchase agreement of the pension administration business currently developed by Mercer Brasil.
About the Business Unit
The Business includes software and services aimed at closed private pension entities, in the areas of services to participants, accounting, treasury, risk, and insurance, and adds to the Company more than 50 customers, 100 employees, and net revenues of R$ 32.0 million, according to 2020 data.
About the transaction
The acquisition price will be up to R$ 35.0 million, consisting of (i) a cash installment of up to R$ 28.0 million, to be paid at closing, and (ii) a term installment of up to R$ 7.0 million, to be paid in 5 annual installments of up to R$ 1.4 million, due from the 1st anniversary of closing.
The signing of the Agreement was authorized by the Company’s Board of Directors and the closing of the transaction will be subject to prior approval by the antitrust authority (CADE – Brazilian Antitrust Authority) and to the fulfillment of conditions usual in this type of transaction.
ACCESS THE FULL VERSION OF THE MATERIAL FACT
Click to see All News