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TransactionWatch – Week of February 21st – February 25th

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International and travel payment deals make their way this week with new acquisition announcements. To kick things off, Evertec has disclosed their agreement to acquire 100% of the outstanding shares of BBR SpA (“BBR”), a Chilean based payment technology company. This acquisition complements Evertec’s existing product suite within the region and allows the firm to enter the Peruvian market to grow their foothold across Latin America. As part of this deal, Evertec will purchase all of BBR’s shares, totaling approximately USD $60 million in value. This transaction is subject to customary closing conditions and is pending U.S. federal bank regulatory approval. Separately, TreviPay has announced their deal to acquire Baton Financial Services, a B2B invoice payments network, for an undisclosed sum. This acquisition supports TreviPay’s global expansion efforts and further enhances the company’s trade credit solutions.

In other M&A news, Worldline has confirmed they are in exclusivity talks with the private equity firm Apollo Global Management to sell off their terminal business line for approximately $2.6 billion. Negotiations are still underway; however, it appears that the deal will go through and close sometime in the second half of the year. Following the transaction, Worldline will retain a five-year partnership with the terminal business.