portal Value Online 01/06/2011 - Ana Luisa Westphalen
The new Boa Vista Services, which took over operation of American Equifax in Brazil, predicts revenues of $ 500 million this year. With
merger, the company created by the Commercial Association of Sao Paulo (ACSP) in conjunction with private equity fund TMG, has an estimated value between $ 1.5 billion and $ 2 billion and is born with 45% share of market information credit, and Experian Serasa main competitor. The consolidation of IT platforms, which will include commercial transactions of consumers and firms in the country, should occur by year's end, the president of Boa Vista Services, Dorival Dourado Júnior.
The deal - with an estimated value between $ 225 million and $ 300 million - was done through an exchange of shares, led by TMG Capital, which has the function of managing shareholder of the company. The ACSP continues as majority shareholder, with about 60% of capital, while Equifax will get a share equivalent to 15%, plus a seat on the board.
But the U.S. company, best known for the corporate segment, is interested in expanding their participation. "The market for credit information in Brazil is of strategic importance for us," said the president of Equifax International, Paulino Barros.
an eye on the implementation of positive credit information, driving the market bureaus (Databases) domestic credit, the company is already making plans to go public in the future.
As president of TMG Capital, Luiz Francisco Viana, an IPO (initial public offering, its acronym in English) is on the horizon since October last year, when the fund joined to form the ACSP Boa Vista Services, along the Commercial Association of Parana, Store Directors Club of Rio de Janeiro Chamber of Shopkeepers and Porto Alegre.
"In a time of market bureaus so important, the plans are to keep the door open to the IPO," he said, while claiming that it could happen "in question of years. " The executive provides a great appetite for credit information industry, since there are no companies listed on this segment.
Gold sees potential for consumer credit information in Brazil as something between $ 2 billion and $ 2.5 billion per year.
He said the new services Boa Vista is already prepared in terms of technological and operational capacity to operate the positive list, which is still pending presidential approval. But he believes it will take some time for the new bureau from operating effectively.
"We need to mature as a society and needs to be done intensive work with the consumer, "he notes. That's because, unlike the restrictive registration, consumers need to authorize the collection of credit information that will compose the new account. The company
result of a merger with Equifax will continue to operate under the brand Boa Vista Services, based in the building of the ACSP in downtown São Paulo.
With the merger, the staff will total 900 professionals, considering the ten regional offices that the American company already owned in the country. As part of the agreement, Equifax also makes available to the new company $ 100 million for investments.
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