Simpson Thacher is representing Advent International (“Advent”) in connection with its announced sale of Prisma Medios de Pago S.A.U. (“Prisma”) and Newpay S.A.U. (“Newpay”) to Visa. The transaction is expected to close in the first quarter of 2026, subject to the satisfaction of customary closing conditions.
Prisma is an issuer processing platform in Argentina, processing more than six billion transactions annually as a trusted partner to the country’s leading banks. Newpay provides payments and cash access infrastructure in Argentina, enabling real-time account-to-account payments — including instant transfers and Transferencias 3.0 (Pagos con Transferencias) — and interoperable QR payments across the ecosystem. Newpay also provides electronic bill payments (PagoMisCuentas) and is an ATM operator in the country (Banelco).
The Simpson Thacher team includes Todd Crider, Juan M. Naveira, Borja Marcos, Humberto Romero Carrillo, Enrique Güijosa Rincón, Sofia Reizin, Patrícia Mutti e Mattos, Luciana Liefeldt and Carlos Rubio Bremard (Latin America – M&A); Caroline Geiger, Lori Lesser, Chandler Gerard-Reimer, Christian Bond and Tally Smitas (Intellectual Property and Cybersecurity); Russell Light, Ruoxi Zhang and Angela Sbano (Tax); Peter Guryan and Daniel Owsley (Antitrust); Tristan Brown, Josh Goldman and Taylor Todd (Executive Compensation and Employee Benefits); Andrew Kofsky (Labor); David Caldwell and Anais Bourbon (Regulatory); and Steven DeLott (Insurance).