The Merger would Result in a Combination of Fintech Lending (Credijusto) to SME Businesses and a Data Analytics business (CIAL).

CIAL Dun & Bradstreet is in merger talks with former Credit Suisse CEO Tidjane Thiam’s blank-check company Freedom Acquisition I Corp and Mexican fintech group Credijusto, the Financial Times reported.  CIAL Dun & Bradstreet is a Latin American corporate data provider and a member of the Dun & Bradstreet Worldwide Network.

Tidjane Thiam’s blank-cheque company is in exclusive talks with Mexican fintech group Credijusto and Latin American corporate data provider CIAL Dun & Bradstreet with the aim of merging and listing the companies in New York later this year.  The combined Credijusto-CIAL entity could be valued at around $1.5 billion and will be listed in New York later this year, the report said, citing people familiar with the matter.  Freedom Acquisition, Credijusto and CIAL did not immediately respond to a Reuters’ request for comment.

Thiam, who resigned as Credit Suisse chief executive officer last year after a spying scandal, had raised $345 million in March through an initial public offering (IPO) of Freedom Acquisition on the New York Stock Exchange.

Israeli entrepreneur Doron Cohen created CIAL when his family bought the Latin American franchise of Dun & Bradstreet about five years ago. It will remain as partner of the Dun & Bradstreet Worldwide Network.

The combined company would have operations in 43 countries and, once the deal is complete, it will be expanded to other parts of the world such as the United States, Africa and the Middle East.

Source: Financial Times