We advised PagoNxt on the tender offers by which it took Getnet private

Davis Polk advised PagoNxt Merchant Solutions, S.L. in connection with concurrent all-cash tender offers in the United States and Brazil for up to all outstanding shares, units and American depositary shares of Getnet Adquirência e Servicos para Meios de Pagamento S.A. -– Instituição de Pagamento, which were listed on the Nasdaq and on the Brazilian stock exchange. As a result of the tender offers, PagoNxt acquired an equity interest sufficient to redeem all remaining minority shareholdings and take Getnet private.

PagoNxt, a subsidiary of Banco Santander, S.A., is a leading payment solution provider for merchants, international corporates, small and medium-sized enterprises, and consumers. Founded in 2003, Getnet is a Brazilian technology company offering payment solutions to a range of merchants, from large businesses to small entrepreneurs.

The Davis Polk corporate team included Manuel Garciadiaz, Lourenco Lopes-Sabino and Alexandre Diniz. The tax team included Patrick E. Sigmon, Eitan Ulmer and William Liang. Members of the Davis Polk team are based in the São Paulo and New York offices.