Equifax to Acquire Boa Vista Serviços (Shareholders Oppose Offer)
May 1, 2023
A group of minority shareholders at Boa Vista has delivered a letter to the company’s board opposing Equifax’s proposed R$8-per-share offer to merge Boa Vista with a non-operational Brazilian subsidiary of Equifax. The shareholders argue the price undervalues Boa Vista—citing growth, net cash, and the strategic value of its database—and note that the acquisition still requires Boa Vista shareholder approval, via an extraordinary general meeting that has not yet been convened.
- Buyers
- Equifax
- Targets
- Boa Vista Serviços
- Sellers
- TMG II FIP - Multiestratégia, Brizo Capital, LP, Madison Avenue International LP, Absolute Investimentos
- Industry
- Data & Analytics
- Location
- Brazil
- Transaction Type
- Buyout
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