DLocal explores potential sale, gauges interest from acquirers

Investing.com -- Latin American payments provider DLocal is considering a potential sale among other options, according to Reuters. With a market value of approximately $3.4 billion, the company is working with Morgan Stanley (NYSE:MS ) to assess potential interest from prospective buyers, according to sources who wished to remain anonymous due to the confidential nature of the discussions.

The Uruguay-based firm, which lists buyout firm General Atlantic as its largest shareholder, is said to be attracting the attention of private equity firms and large financial technology providers. However, these sources also emphasized that a sale is not a certainty.

This isn't DLocal's first foray into exploring a sale. In the previous year, the company engaged its investment bankers to initiate a sale process. However, these discussions did not lead to any agreement due to disagreements over financial terms with potential buyers, a source revealed.

Both DLocal and Morgan Stanley have chosen not to comment on the matter.

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Source: Investing.com