Equifax to acquire Boa Vista Servicos for $596M

Equifax announced a definitive agreement to acquire Boa Vista Servicos, the second largest credit bureau in Brazil. The agreement was approved by the Boa Vista Servicos Board of Directors for R$8.00 per share, implying an estimated total enterprise value of $596M based on a USD/BRL exchange rate of 5.2033. This acquisition will expand Equifax’s capabilities in the large and fast-growing Brazilian market and offers Boa Vista Servicos access to Equifax’s expansive global capabilities and cloud-native data, products, decisioning and analytical technology for the rapid development of new products and services, and expansion into new industries. The initial Equifax offer to acquire Boa Vista Servicos was announced on December 19, 2022. The transaction is subject to Boa Vista Servicos’s shareholder approval and other customary closing conditions and is expected to be completed sometime in the second quarter of 2023, at which time the company will become a subsidiary of Equifax Brasil. The acquisition is not anticipated to have a material impact on 2023 Equifax financial results.