Filed by Equifax do Brasil S.A.
Commission File No. 132-00001
pursuant to Rule 425 under the Securities Act of 1933, as amended
Subject Company: Boa Vista Serviços S.A.
Equifax Makes Offer to Acquire Boa Vista Serviços
EQUIFAX IS SEEKING TO EXPAND ITS CAPABILITIES in the large and fast-growing Brazilian market. The company has made an offer to the Boa Vista Serviços Board of Directors to acquire all outstanding shares of Boa Vista Serviços (BOAS3: SAO), the second largest consumer credit bureau in Brazil, for R$8.00 per share implying an estimated total enterprise value of R$3,103 million, or USD$583 million based on a USD/BRL exchange rate of 5.3180 (PTAX as of December 15, 2022).
As Mark W. Begor, CEO of Equifax, noted: “Equifax has been an investor in Boa Vista Serviços since 2011, and with this acquisition, we would bring powerful new insights to Brazilian lenders and service providers that would help them better understand their customers and promote greater financial inclusion.”
Equifax issued a press release on December 19, 2022, outlining the terms of the proposal made to the Boa Vista Serviços Board of Directors. If the proposal is accepted, the acquisition would further expand Equifax capabilities internationally and would offer Boa Vista Serviços 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 vertical industries.
“This transaction aligns with our EFX2025 strategic priorities and would mark an exciting new global chapter for both Equifax and Boa Vista Serviços customers and employees while providing Boa Vista Serviços shareholders immediate liquidity with a substantial 89 percent premium over the closing price on December 15, 2022. We look forward to working with the Boa Vista Serviços Board of Directors and executing a definitive merger agreement as quickly as possible,” continued Begor.
The transaction is subject to review and approval by the Boa Vista Serviços Board of Directors. If approved by the Boa Vista Serviços Board of Directors, the transaction would also be subject to Boa Vista Serviços shareholder approval and other customary closing conditions. Following the completion of the proposed transaction, Boa Vista Serviços would become a subsidiary of Equifax Brasil.