LIV Capital II (LIVB) to Combine with Covalto in $547M Deal

LIV Capital II (NASDAQ:LIVB) has entered into a definitive agreement to combine with Mexican fintech Covalto at an enterprise value of $547 million, or 5.5x its 2023E revenue. Mexico City-based Covalto provides digital banking services to small and medium-sized businesses (SMEs) as well as merchant payments solutions for a variety of clients including Uber Eats.
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