M&A Deal Summary

StoneCo Acquires Linx

On August 11, 2020, StoneCo acquired internet software and services company Linx from General Atlantic

Acquisition Highlights
  • This is StoneCo’s 1st transaction in the Internet Software and Services sector.
  • This is StoneCo’s 1st transaction in Brazil.

M&A Deal Summary
Date 2020-08-11
Target Linx
Sector Internet Software and Services
Buyer(s) StoneCo
Sellers(s) General Atlantic
Deal Type Merger
Advisor(s) Goldman Sachs (Financial)
Pinheiro Neto Advogados
White & Case (Legal)

Target

Linx

Sao Paulo, Brazil
website
Linx is a provider of software and services to retailers in Brazil. Linx offers a complete solution to almost all retail verticals, including apparel, footwear, supermarkets, home centers, drug stores, electronics and appliances, accessories, jewelry, gifts, auto dealers, food service, entertainment, and eCommerce. Linx was founded in 1985 and is based in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

StoneCo

George Town, Cayman Islands

website

Category Company
Founded 2000
Sector Software
Employees7,239
Revenue 3.2B USD (2020)
DESCRIPTION

StoneCo is a provider of financial technology solutions that empower merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels. StoneCo was founded in 2000 and is headquartered in George Town, Cayman Islands.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Merger) 1 of 1
Country (Brazil) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 114 of 144
Sector (Internet Software and Services) 17 of 24
Type (Merger) 3 of 4
Country (Brazil) 4 of 5
Year (2020) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 Oak Street Health

Chicago, Illinois, United States

Oak Street Health is a growing and innovative population health business operating primary care clinic focused on Medicare beneficiaries. Oak Street Health was founded in 2012 and is headquartered in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-14 Gymshark

Solihull, United Kingdom

Gymshark is a online, direct-to-consumer, community-based gymwear brand. Gymshark was founded in 2012 and is based in Solihull, United Kingdom.

Buy -
Mergr

Product

Company

Legal