March 16, 2022 |
Advent International, a Boston-based private equity firm, has reached a deal to buy the 49% it does not already own in Argentine payments company Prisma Medio de Pago for $350 million, according to local media reports on Tuesday.
Advent will buy the stake from a group of 14 banks and Visa International, taking its holding to 100%, according to the reports. Advent declined to comment on the deal, and Prisma did not return phone calls for comment.
Advent acquired 51% of the company in 2019 for $68
US private equity firm pays $350 mln for the 49% it did not already own in Prisma