Nayax Inks Definitive Deal To Acquire VMtecnologia, A Technology Provider For Automated Self-service Industry In Brazil; Total Potential Consideration ~$27.8M

Author: Benzinga Newsdesk | March 06, 2024 06:27pm

The purchase price, equating to an enterprise value of approximately R$ 110 million BRL (~$22.3 million), will be paid partially upfront in cash (R$ 66 million BRL or ~$13.4 million), with R$ 44 million (~$8.9 million) to be settled semi-annually over the next three years in cash or equity, contingent upon management retention and achieving certain revenue growth (consistent with prior experience) over a three-year period. In addition, there is an earnout of up to R$ 27.5 million BRL (~$5.6 million) payable primarily in stock based on the achievement of significant three-year growth objectives, bringing the total potential consideration to R$ 137.5 million BRL (~$27.8 million). The transaction is slated for completion in Q2 2024.

Posted In: NYAX