Grupo El Comercio
Date: Aug 2021
Client: Grupo El Comercio
Counterparty: Paysafe
Industry: Financial Institutions, Technology
Amount: USD 108.5 million
Transaction:
Landmark Alantra acted as financial advisor of Empresa Editora El Comercio (BVL:ELCOMEI1) in sale of PagoEfectivo to Paysafe (NYSE:PSFE).
PagoEfectivo is the leading alternative payment platform in Peru and Ecuador. It was founded in Lima in 2009 as a subsidiary of Empresa Editora El Comercio, the largest mass media group in Peru. The company has achieved strong growth rates in recent years, a process further deepened by the recent expansion of the ecommerce industry in Latin America. The platform works through a reference payment code, which can be paid by the end user through either online/mobile banking or in person at over 140,000 points of sale and bank agencies in Peru and Ecuador.
Paysafe is a leading specialized payments platform enabling businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions, offering 70 payment methods in more than 40 currencies globally.
Aug 2021
Financial advisor to
on the sale of PagoEfectivo to
USD 108.5 million
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