Deal Description
Insight Partners and Tiger Global co-led a group of investors to participate in the Series D round for Nuvemshop.
Nuvemshop operates an e-commerce platform in Latinamerica, primarily Brazil, Argentina and Mexico.
Highlight Description
Special Mexican counsel to Insight Partners and Tiger Global in the negotiation of a USD$500 million Series E Preferred Stock investment in Nuvemshop (Linked Store Cayman LTD), an e-commerce platform operator in Latinamerica, primarily Brazil, Argentina and Mexico.
Innovation & Additional Comments
The Mexican market is not currently the focus of the target’s operations, however investment will be allocated to develop business in new markets (including Mexico). A full analysis of current regulatory, commercial, contractual and labor structure was implemented to asses business opportunities in Mexico in the near future.
Jurisdiction
Documents governed by New York law.
Cross-border transaction with active subsidiaries and business in Brazil, Argentina and Mexico.
Governing Law
Documents governed by New York law.
Cross-border transaction with active subsidiaries and business in Brazil, Argentina and Mexico.
Deal Value
US$500 million
Deal Duration, Date of Closing / Signing
Closing occurred August 9, 2021 and was publicly announced August 17, 2021.
Practice Area
Mergers & Acquisitions
Privacy
Gonzalez Calvillo
Daniel Guaida Azar – Partner
Lucía Fernández González – Counsel
Diego Hernández Abascal – Associate
Other Firms Involved
Willkie Farr – US Counsel to Insight Partners and Tiger Global
Rosalind Fahey Kruse - Partner
Anna Martini - Associate
Marissa Cantu - Associate
Matthew Naifeh - Associate
Mattos Filho – Special Brazil counsel to Insight Partners and Tiger Global
Press Coverage (links)