Valid, a company specialized in digital services provided to the public sector, acquired 100% of the capital stock of Flexdoc, a Brazilian IDtech specialized in the digital segment. KLA assisted Valid in the entire process of structuring the transaction, in addition to carrying out the due diligence and negotiation of all necessary documents during the transaction.
Valid is a publicly traded company with operations in Brazil, the United States, Europe and other countries, established over 65 years ago. It is currently the fifth largest provider of SIM cards globally and the largest issuer of documents in Brazil. Its clients include the financial, technological and other sectors.
The operation at KLA was coordinated by partners Mariana Cortez and Mário Fioratti, assisted by lawyers Rodrigo Lima and Letícia Grilo.
With this acquisition, Valid further strengthened its presence in digital ID with the acquisition of Flexdoc, a Brazilian company whose clients today are two of the largest banks in the country. Specializing in process automation and data validation, it has performed more than 50 million transactions and managed 500 million documents.