Jáuregui y Del Valle advised Trafalgar on the sale to Walmart

Mexico City, April 18, 2023

Jáuregui y Del Valle advised the shareholders of Trafalgar, an Institution of Electronic Payment Funds, in the sale of all the shares of the capital stock of Trafalgar in favor of Walmart. Trafalgar is a Fintech company that offers financial services, allowing users to send and receive money instantly, make transactions between Trafalgar users and other bank accounts, and pay public and physical utilities alongside digital stores worldwide with its Trafalgar card.

Trafalgar’s Electronic Payment Fund account offers a fully digital process for mobile device downloads and account activation. Users can efficiently transfer funds to other platform users and any banking institution in Mexico through 24/7 interbank transfers (SPEI). Additionally, the account includes a Mastercard-supported debit card.

This acquisition marks a milestone in Mexico’s business history, as Trafalgar was one of the first companies to obtain the authorization from the National Banking and Securities Commission for operating in the country as an Institution of Electronic Payment Funds, and this operation represents the first time that a transaction of this kind it’s carried out in Mexico in the Fintech sector. The operation was a success thanks to the experience and knowledge of our lawyers specializing in Financial Regulation and Mergers & Acquisitions, who have worked tirelessly to ensure our clients obtained the best possible result.

‘We are delighted to have advised Trafalgar´s shareholders in this historic transaction. This is an exciting time for the Fintech sector in Mexico, and we are proud to have been a part of it”, Alberto Balderas, Partner of Jáuregui y Del Valle.

The team of lawyers from Jáuregui y Del Valle was led by Alberto Balderas and was comprised of Carlos Solano, Luis Rodolfo Flores Licona, Juan David Morales Astudillo. Jáuregui y Del Valle is one of Mexico’s leading law firms, with over 40 years of experience advising companies in a wide range of areas of law. The firm has a team of highly experienced lawyers committed to their client’s success.

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