Equifax has acquired Boa Vista Serviços, a credit bureau in Brazil.

The acquisition looks to expand Equifax’s capabilities in the Brazilian market and offers Boa Vista Serviços access to Equifax’s global capabilities and cloud-native data, products, decisioning and analytical technology for the development of new products and services and expansion into new industries.

“This acquisition will mark an exciting new chapter for Equifax and Boa Vista Serviços customers that will bring powerful new insights to Brazilian lenders and service providers to help them better understand their customers and promote greater financial inclusion to meet the needs of the approximately 34 million unbanked or underbanked consumers in Brazil,” states Mark Begor, CEO of Equifax.

BofA Securities is serving as financial advisor to Equifax, and Hogan Lovells US LLP and Machado Meyer Advogados are acting as legal counsels to Equifax.