DLocal reportedly exploring potential sale
Uruguay-based payments firm dLocal is reportedly exploring a potential sale, according to a Reuters report citing sources familiar with the matter.
Uruguay’s dLocal reportedly exploring potential sale
Reuters reports that the firm, which specialises in processing payments for merchants in emerging markets, has enlisted US bank Morgan Stanley to assess acquisition interest from potential buyers, with its sources saying that private equity firms and fintech providers are among the potentially interested parties, adding that there is no guarantee that a deal will come to fruition.
When contacted by FinTech Futures, a representative of dLocal said: “It’s long been dLocal’s policy to not provide any comments regarding such rumors.”
Back in August 2023, Bloomberg News reported that dLocal had engaged a financial advisor to explore a potential sale, with Reuters reporting that these talks eventually came to nothing.
Currently valued at around $3.27 billion, dLocal has traded publicly on the New York Stock Exchange (NYSE) since 2021, with General Atlantic the company’s largest shareholder.
