ClearSale shareholders to receive R$10.56 per share, a 23.5% premium over October 3 closing price.
ClearSale, a company specializing in data intelligence and risk prevention services, announced on Friday (October 4) that it has reached an agreement with Serasa Experian to sell the company for approximately R$2 billion ($366 million).
The transaction, which involves a stock swap, will see ClearSale shareholders receiving R$10.56 per share. This represents a 23.5% premium over the September 3 closing price, with the payment being made in the form of redeemable Serasa Experian shares.
Shareholders will have three options: receive the total amount in cash, exchange their shares for Experian Brazilian Depositary Receipts (BDRs), or accept a mix of cash and BDRs.
ClearSale specializes in risk prevention solutions across various sectors. These include e-commerce, financial markets, direct sales, and telecommunications. The company serves 7,400 active clients and has seen an impressive 27% compound annual growth rate since 2018. Brazil remains ClearSale’s primary market, accounting for 62% of its revenue.
This acquisition could strengthen Serasa Experian’s position in the data analytics and risk management sector. For ClearSale, joining a larger organization may provide new growth opportunities and resources for expansion.
A shareholder agreement has been established between ClearSale’s controlling shareholders and Serasa Experian. Additionally, should the deal not proceed, a termination fee of R$100 million will be paid by the credit assessment company.
The completion of the transaction is subject to customary closing conditions and regulatory approvals.
Source: Valor International, The Rio Times
