B3 S.A. - Brasil, Bolsa, Balcão agreed to acquire Neoway Tecnologia Integrada Assessoria e Negócios S.A. from Accel Partners, Monashees Gestão de Investimentos Ltda., Temasek Holdings Limited, CapSur Capital Gestão de Recursos Ltda. and others for BRL 1.8 billion.
October 18, 2021
Share
B3 S.A. - Brasil, Bolsa, Balcão (BOVESPA:B3SA3) agreed to acquire Neoway Tecnologia Integrada Assessoria e Negócios S.A. from Accel Partners, Monashees Gestão de Investimentos Ltda., Temasek Holdings (Private) Limited, CapSur Capital Gestão de Recursos Ltda. and others for BRL 1.8 billion on October 19, 2021. The transaction will be financed from the cash resources of B3.
Neoway will continue to act autonomously and independently, within the B3 group. The headquarters remain in Florianópolis and with the current management. The acquisition still needs to be approved at the meeting by the shareholders of B3 and will also depend on the approval of the competition agency in Brazil, the Administrative Council for Economic Defense (Cade).
In addition, CVM will assess other conditions for this type of business. Bank of America acted as financial advisor for Neoway. Citigroup acted as financial advisor for B3 S.A. BofA Securities acted as a financial advisor in this transaction.
B3 SA Brasil Bolsa Balcao, formerly BM&F Bovespa SA Bolsa de Valores Mercadorias e Futuros, is a Brazil-based financial market infrastructure provider. The Company's service offerings range from exchange trading, clearing and other post-trading services to registration of over-the-counter (OTC) transactions. The Company also provides a listing service and acts as central securities depository (CSD). It develops software solutions and offers index licensing services. Its business is divided into four segments: Bovespa, which covers trading, clearing and settlement of equities and equity derivatives; BM&F, which covers trading, clearing and settlement of financial and commodities derivatives; Cetip Securities (Cetip UTVM), covering registration, clearing, settlement and custody systems for fixed-income securities and OTC derivatives, and Cetip Financing (Cetip UFIN), which provides an integrated private electronic system for registration of vehicle and real estate loans.
B3 S.A. - Brasil, Bolsa, Balcão agreed to acquire Neoway Tecnologia Integrada Assessoria e Negócios S.A. from Accel Partners, Monashees Gestão de Investimentos Ltda., Temasek Holdings Limited, CapSur Capital Gestão de Recursos Ltda. and others for BRL 1.8 billion.