International Money Express (Intermex) Acquires La Nacional; Agrees to Acquire LAN Holdings / I-Transfer
November 1, 2022
International Money Express, Inc. (Intermex) completed the acquisition of Envios de Valores La Nacional Corp., paying $42.3 million in cash plus up to $2.4 million of contingent consideration, strengthening its remittance footprint to the Dominican Republic and other Latin American corridors. Intermex also announced a related transaction to acquire LAN Holdings Corp., which includes Spain-based I-Transfer Global Payments, expanding Intermex’s reach into Europe and increasing its global footprint to more than 70 countries.
- Buyers
- International Money Express, Inc. (Intermex)
- Targets
- Envios de Valores La Nacional Corp., LAN Holdings Corp. / I-Transfer Global Payments E.P., S.A.U.
- Industry
- Payments & Fintech
- Location
- Colorado, United States
- Transaction Type
- Buyout
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