Cielo Expands with US Buy

Cielo Expands with US Buy

Brazil M&A US

Cielo has agreed to buy US payment processor Merchant e-Solutions (MeS) for $670m, it says. The Brazilian credit card payment processor was particularly drawn to MeS’s payment platform technology and its potential use in Brazil, rather than to the international expansion. The move offers Cielo diversification and better defense against increasing competition in Brazil’s credit card payment sector, which will remain its major focus. The deal was seen at a multiple of 11x Ebitda, according to rema

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial