Machado Meyer advise on the acquisition of BX Blue by PicPay
Machado Meyer advised BX Business LLC and its founding partners in the negotiation and execution of the quota purchase agreement for the disposal of all the quotas BX Business LLC holds, as a sole partner, in BX Negócios Inteligentes (BX Blue) to Guiabolso Finance Correspondent Banking and Services (PicPay vehicle), with the intervention and consent of the founding partners Gustavo Gorestein, Fabrício Nogueira Buzeto and Roberto Mascarenhas Braga who will remain active in the company and will be entitled to an earn-out.
The transaction essentially represents PicPay’s investment in the development of marketplace activities in the payroll loan market and BPO for payroll loan backoffice.
Machado Meyer relied on partners Luiz Mascaro (pictured right) and Bruna Marrara Martinez (pictured right); lawyers Flavia Piras Lodi, Helena Prescinotti Cursino De Andrade and Murilo Caldeira Germiniani.
