PagoNxt cross-border going-private tender offers for Getnet securities
We advised PagoNxt on the tender offers by which it took Getnet private
Âé¶¹Èë¿Ú advised PagoNxt Merchant Solutions, S.L. in connection with concurrent all-cash tender offers in the United States and Brazil for up to all outstanding shares, units and American depositary shares of Getnet Adquirência e Servicos para Meios de Pagamento S.A. -– Instituição de Pagamento, which were listed on the Nasdaq and on the Brazilian stock exchange. As a result of the tender offers, PagoNxt acquired an equity interest sufficient to redeem all remaining minority shareholdings and take Getnet private.
PagoNxt, a subsidiary of Banco Santander, S.A., is a leading payment solution provider for merchants, international corporates, small and medium-sized enterprises, and consumers. Founded in 2003, Getnet is a Brazilian technology company offering payment solutions to a range of merchants, from large businesses to small entrepreneurs.
The Âé¶¹Èë¿Ú corporate team included Manuel Garciadiaz, Lourenco Lopes-Sabino and Alexandre Diniz. The tax team included Patrick E. Sigmon, Eitan Ulmer and William Liang. Members of the Âé¶¹Èë¿Ú team are based in the São Paulo and New York offices.