Budget Insight agreed to acquire Unnax Payments Systems, S.L. from Athos Capital, SGEIC, S.A., Athos Capital, SGEIC, S.A., Grupo Elektra, S.A.B. de C.V. (BMV:ELEKTRA *), CSQ Non Stop Shops SL, Swanlaab Venture Factory SGEIC, S.A. and other private investors for ?40 million.
April 31, 2023
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Budget Insight agreed to acquire Unnax Payments Systems, S.L. from Athos Capital, SGEIC, S.A., Athos Capital, SGEIC, S.A., Grupo Elektra, S.A.B. de C.V. (BMV:ELEKTRA *), CSQ Non Stop Shops SL, Swanlaab Venture Factory SGEIC, S.A. and other private investors for ?40 million on March 31, 2023. The operation, which is pending approval by the Bank of Spain, represents the exit of the company's shareholding of the venture capital firms Segtech Ventures, Athos Capital and Swanlaab Venture Factory, as well as the telecommunications group CSQ, Grupo Elektra and other private investors, who have supported its different rounds of financing. In 2022, it had a turnover of almost ?5 million, up 40% year-on-year.
The founding partners, Julián Díaz-Santos Hernández and Jordi Pérez Rosselló, who had half of Unnax's capital, reinvested part of the amount received in the operation to continue accompanying PSG in the growth process of Unnax in Europe and Latin America. The Transaction is expected to close later this year and The Transaction is subject to regulatory approval and subject to the authorization of Spain?s national competent authority (Banco de España). Patricia Perez Beade, Carlota Mazzuchelli Morales and Álvaro Mateo Sixto of Gómez-Acebo & Pombo Abogados, S.L.P. acted as legal advisor to Unnax Payments Systems, S.L.
Grupo Elektra SAB de CV (Elektra) is a Mexico-based company primarily engaged in the banking and retailing sector. The Company is a financial services and specialty retailing company in Mexico and Central and South America, as well as a short-term non-bank loan provider in the United States. Its Retail Business segment comprises the sale of motorcycles, cell phones, appliances in general, electronics, furniture, among others; and provision of services, such as electronic money transfers, extended guarantees, airtime, and mobile virtual network operation. Its Financial Business segment provides banking and financial products and services like consumer credit, personal loans, commercial loans, savings accounts, term deposits, debit cards, credit cards, life and casualty insurance, retirement fund management options, brokerage services, and short-term non-bank loans. Elektra operates more than 7,000 points of contact, including approximately 4,600 in Mexico; close to 600 in Central and So
GRUPO ELEKTRA, S.A.B. DE C.V. 
