Grupo Popular Acquires GCS International

Cleary Gottlieb represented Grupo Popular in its acquisition of GCS International.

The transaction signed on August 3, 2023, and closed on September 1, 2023.

By combining Grupo Popular’s existing synergies with GCS International as a new subsidiary, both organizations strengthen their value proposition to merchants, businesses, and users of their platforms, bringing more innovative ideas to the financial system and driving digital transformation with new products to foster financial inclusion in the Dominican Republic and the region.

Grupo Popular is one of the leading financial companies in the Dominican Republic. GCS International is a fintech company specializing in cutting-edge technology for large-scale processing of financial transactions with operations in the Dominican Republic and Guatemala.