EVERTEC, Inc. (NYSE:EVTC) Files An 8-K Entry into a Material Definitive AgreementItem 9.01 Entry into a Definitive Material Agreement.
On July 3, 2017, EVERTEC, Inc’s main operating subsidiary, EVERTEC Group, LLC, and EVERTEC Panama, S.A. (collectively, "EVERTEC") closed on the direct and indirect acquisition of 50% of the share capital of EFT Group S.A., a Chilean-based payment processing and software company known commercially as PayGroup, by entering into a share purchase agreement (Contrato de Compraventa de Acciones), by and among EVERTEC Group, LLC, EVERTEC Panama, S.A., Fondo de Inversión Privado Mater, Inversiones San Bernardo SpA, Asesorías e Inversiones Supernova SpA, Inversiones y Asesorías Bayona Limitada, Inversiones Hagerdorn y Morales Limitada, Christian Hagedorn Hitschfeld and Inversiones Vaimaca Limitada (the “Selling Shareholder”). EVERTEC paid approximately CLP 25,473 million, or approximately US$38.5 million at current exchange rates, subject to customary post-closing adjustments. The acquisition was to a share purchase promise agreement entered into on February 17, 2017, as described in a form 8-K filed with the SEC on February 22, 2017.
An English translation of the share purchase agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
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10.1 |
Share Purchase Agreement (Contrato de Compraventa de Acciones), dated as of July 3, 2017, by and among EVERTEC Group, LLC, EVERTEC Panama, S.A., Fondo de Inversión Privado Mater, Inversiones San Bernardo SpA, Asesorías e Inversiones Supernova SpA, Inversiones y Asesorías Bayona Limitada, Inversiones Hagerdorn y Morales Limitada, Christian Hagedorn Hitschfeld and Inversiones Vaimaca Limitada [English Translation] |
EVERTEC, Inc. ExhibitEX-10.1 2 spaenglishtranslation.htm EXHIBIT 10.1 SPA Exhibit ________________________________________________________________________________SHARE PURCHASEAGREEMENTJuly 3,…To view the full exhibit click here
About EVERTEC, Inc. (NYSE:EVTC)
EVERTEC, Inc., formerly Carib Latam Holdings, Inc., is a full-service transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. It has three segments: Merchant Acquiring, Payment Processing and Business Solutions. It provides services to merchants that allow them to accept electronic methods of payment, such as debit, credit, prepaid and electronic benefit transfer cards, carrying the ATH, Visa, MasterCard, Discover and American Express brands. It provides a suite of payment processing products and services to blue chip regional and global corporate customers, government agencies and financial institutions across Latin American and the Caribbean. It provides a suite of business process management solutions, which include core bank processing, network hosting and management, information technology (IT) consulting services, business process outsourcing, item and cash processing, and fulfillment.
