DLocal Explores Potential Sale, Gauging Buyer Interest

DLocal, a Latin America-based payment provider, is reportedly evaluating potential sale options among other alternatives, according to Reuters. With a market capitalization of approximately $3.4 billion, the company is working with Morgan Stanley to assess the interest of potential buyers, citing sources who wish to remain anonymous due to the confidential nature of the discussions.

The Uruguay-based firm lists investment company General Atlantic as its largest shareholder and has reportedly drawn interest from private equity firms and major financial technology providers. However, these sources emphasized that a sale is not guaranteed.

This is not DLocal's first attempt to explore a sale. Last year, the company engaged investment bankers to initiate a sales process. Nevertheless, discussions did not result in any agreements due to disagreements over financial terms with potential buyers, according to a source.

Both DLocal and Morgan Stanley declined to comment on the matter.