BroadSpan Advises RJ Consultores on Sale of 60% stake to Bematech

Belo Horizonte, Brazil – On January 14, 2014, RJ Participações (“RJ Consultores” or the “Company”) concluded the sale of 60% of its equity to Bematech. The transaction value will be adjusted in March 2015, considering the Company’s performance, based on the 2014 consolidated EBITDA multiple of 6.5x.

With the acquisition, Bematech CEO Cleber Morais says, Bematech becomes a leader in the automation sector for highway bus ticketing.

Founded over 35 years ago and headquartered in Belo Horizonte, RJ Consultores provides complete solutions (software, hardware and services) for the booking and sale of bus tickets. The Company is a leader in this segment, with strong presence in Brazil and Mexico, the world's largest passenger road transportation markets. RJ Consultores’ software is present in over 20,000 point of sales in Brazil and accounts for accounts for 70% of the bus tickets sold in the country Founded in 1987 and headquartered in São Paulo, Bematech (BM&FBOVESPA: BEMA3) provides technology solutions for the retail and hotel sectors. The company has one industrial plant located in São José dos Pinhais, São Paulo and four R&D centers across Brazil. Bematech’s software and hardware is present in over 500,000 points of sales and its revenues reached R$264.3 million in the first 9 months of 2013.

BroadSpan Capital LLC acted as RJ Consultores’ exclusive financial advisor for this transaction.