Evertec has acquired assets of Popular and BBR.
BBR is a payment and business technology company, and Popular is a Puerto Rican financial institution.
Mac Schuessler, CEO of Evertec, stated, “We are pleased to complete both of these transactions. The Popular Transaction extends our relationship with our largest customer while the BBR acquisition expands our footprint in Latin America, two important steps in continuing to execute our long-term growth strategy.”
Goldman Sachs & Co. LLC served as financial advisor to Evertec. Evercore also served as financial advisor to Evertec.