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)