Reuters Acquires Brazilian Mastersaf

Reuters Acquires Brazilian Mastersaf

Brazil M&A

Thomson Reuters announced it has acquired Mastersaf, a tax and accounting software company in Brazil. The price of the deal was heard to be around BRL50m, according to a Sao Paulo banker away from the deal. No advisors are believed to have been used by either party. PE firm DGF Investimentos took a 25% stake in Mastersaf in 2010 for around $10m. Reuters paid several times revenues for the target, according to a source familiar with the deal. Thomson Reuters has expanded in LatAm with the acquisi

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