Mexico City, Monterrey, Silicon Valley – Global law firm Hogan Lovells Cadwalader has advised Equifax (NYSE: EFX) in connection with its definitive agreement to acquire Círculo de Crédito, a leading credit information services company and the fastest-growing credit bureau in Mexico, for an enterprise value of *US$750 million.
This acquisition would expand Equifax into the Mexico market, the second-largest economy in Latin America. It would also offer Círculo de Crédito customers access to industry-leading Equifax cloud-native capabilities, patented EFX.AI technology, and identity protection and fraud prevention offerings for the development of solutions designed to help customers grow and expand financial inclusion.
More information on the transaction can be found here.
The deal team was led by partners Keith Flaum (M&A, Silicon Valley), Federico De Noriega (Banking & Loan Finance, Mexico City), Ricardo Pons (ACER, Mexico City), and Jaime Espinosa De Los Monteros (Tax, Pensions & Benefits, Monterrey), together with Visiting International Lawyer Manuel Valdez (M&A, New York), and associate José Solís (M&A, Mexico City).
NOTES TO EDITORS
* Purchase price of US$825 million. Enterprise value of US$750 million reflects purchase price net of estimated US$75 million cash at closing with zero debt balance.