M&A Deal Summary

MercadoLibre Acquires DeRemate

On August 26, 2008, MercadoLibre acquired internet software and services company DeRemate from ACON Investments for 40M USD

Acquisition Highlights
  • This is MercadoLibre’s 1st transaction in the Internet Software and Services sector.
  • This is MercadoLibre’s largest (disclosed) transaction.
  • This is MercadoLibre’s 1st transaction in Argentina.

M&A Deal Summary

Date 2008-08-26
Target DeRemate
Sector Internet Software and Services
Buyer(s) MercadoLibre
Sellers(s) ACON Investments
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

DeRemate

Buenos Aires, Argentina
website
DeRemate is an online auction site in Latin America with a presence in all major regional markets.

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Buyer(S) 1

Buyer

MercadoLibre

Montevideo, Uruguay

website


Category Company
Founded 1999
Sector E-Commerce
Employees29,957
Revenue 7.1B USD (2021)
DESCRIPTION

MercadoLibre is an online trading platform serving Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions. The company principally offers MercadoLibre marketplace, an automated online commerce service, which permits businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. MercadoLibre was founded in 1999 and is based in Montevideo, Uruguay.


DEAL STATS #
Overall 1 of 7
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 1 of 6
Country (Argentina) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 Business Vision SA

Buenos Aires, Argentina

Bvision is a software developer. The Company primarily develops mobile apps for wide-ranging industries, including telecom, technology and financial service firms. Furthermore, it offers to manage applications for large firms, and works on cutting-edge technologies such as Cloud.

Buy -

Seller(S) 1

SELLER

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 7 of 26
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 3 of 15
Country (Argentina) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-25 idX

Grand Rapids, Michigan, United States

idX is a privately held company that specializes in retail display fixture manufacturing, logistics and project management. With over 20 years of experience working in domestic and international markets. idX was founded in 1999 and is based in Grand Rapids, Missouri.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Magic Media

Bangor, Pennsylvania, United States

At the time of exit, Magic Media was the sixth largest outdoor advertising Company in the United States with over 10,000 billboard and poster displays located in 21 states throughout the Southeast and Midwestern United States. Magic Media was acquired by ACON from its former bondholders as it emerged from bankruptcy in March 2004.

Sell -