Having become a fixture in the Brazilian cross-border pipeline since late last year, credit-card deal Visanet appears to have broken loose. Lead arranger Merrill Lynch went on roadshow last week with a private placement for the company, according to sources. The size of the initial deal is heard at US$300 million, though the potential volume of a program is US$500 million.
Visanet is the exclusive processor of Visa credit and debit card vouchers in Brazil. Its shareholders are Banco ABN Amro Real (14%), Visa International (10%), Banco do Brasil (32%), Banco Bradesco (39%) and others (5%).