By Brazil Stock Guide – TOTVS S.A. (B3: TOTS3) agreed to acquire the 37.5% minority stake held by B3 S.A. – Brasil, Bolsa, Balcão (B3: B3SA3) in Dimensa for R$665 million, a step that clears the company’s capital structure ahead of the sale of the financial data and infrastructure firm to Evertec Brasil Informática S.A. in a transaction valued at about R$1.4 billion.
The buyout was triggered by a put option embedded in Dimensa’s shareholders’ agreement and is a condition precedent for the closing of the broader transaction with Evertec. By consolidating 100% ownership immediately before the sale, TOTVS removed minority interests that could complicate execution and pricing of the divestment.
Dimensa provides financial data, regulatory reporting and infrastructure services to banks, insurers and capital-markets participants, operating in a segment that has benefited from rising compliance requirements and digitization across Brazil’s financial system. While strategically relevant, the unit has limited overlap with TOTVS’ core enterprise software platforms, prompting the decision to exit.
The sale to Evertec values Dimensa at roughly R$1.4 billion in equity terms, based on a base enterprise value of R$950 million and the company’s net cash position at the end of 2025, according to the filing. The transaction delivers a full exit for TOTVS from the asset while crystallizing returns accumulated since the underlying businesses were acquired between 2008 and 2009.
Both transactions — the acquisition of B3’s stake and the sale to Evertec — are expected to close simultaneously and remain subject to customary conditions, including approval from Brazil’s antitrust authority, Conselho Administrativo de Defesa Econômica (CADE). The closing of the buyout from B3 is a prerequisite for completion of the sale to Evertec.
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