M&A Deal Summary

Naspers Acquires BuscaPé

On September 29, 2009, Naspers acquired e-commerce company BuscaPé from Great Hill Partners for 374M USD

Acquisition Highlights
  • This is Naspers’ 1st transaction in the E-Commerce sector.
  • This is Naspers’ largest (disclosed) transaction.
  • This is Naspers’ 1st transaction in Brazil.

M&A Deal Summary
Date 2009-09-29
Target BuscaPé
Sector E-Commerce
Buyer(s) Naspers
Sellers(s) Great Hill Partners
Deal Type Add-on Acquisition
Deal Value 374M USD

Target

BuscaPé

Sao Paulo, Brazil
website
BuscaPé is a provider of online comparison shopping tools and services for customers in Brazil. BuscaPé was formed in 1999 and is based in São Paulo, Brazil.

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Buyer(S) 1

Buyer

Naspers

Cape Town, South Africa

website

Category Company
Founded 1915
Sector Media
Employees35,276
Revenue 7.9B USD (2022)
DESCRIPTION

Naspers is a multinational media company with principal operations in electronic and print media. The group holds interests in leading Internet and media properties in China, Russia, Eastern Europe and Brazil, including Tencent Holdings, Mail.ru, Allegro and Abril. Naspers was founded in 1915 and is based in Cape Town, South Africa.

DEAL STATS #
Overall 1 of 8
Sector (E-Commerce) 1 of 2
Type (Add-on Acquisition) 1 of 6
Country (Brazil) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-20 Multiply

Boca Raton, Florida, United States

Multiply provides integrated media management and social shopping solution with tools that allow them to shop, and share personal content safely and securely with a relevant audience. The only mainstream social network with a fully-integrated e-commerce site, Multiply makes it easy for buyers and sellers to come together in a secure environment. Members enjoy the benefit of permanent storage and back ups of their original resolution media files.

Buy -

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1993
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1993 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 12 of 56
Sector (E-Commerce) 1 of 4
Type (Add-on Acquisition) 10 of 35
Country (Brazil) 2 of 3
Year (2009) 2 of 2
Size (of disclosed) 13 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 Custom House Currency Exchange

Victoria, British Columbia, Canada

Custom House Currency Exchange Ltd. is a Provider of foreign exchange payment processing services to small-to-medium size enterprises, AP departments of large corporations and consumers.

Sell $370M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-03 LECG

Devon, Pennsylvania, United States

LECG Corp. is a Global expert services and consulting firm providing independent expert testimony, accounting, tax, technology, compensation and benefits, and financial advisory services.

Buy -
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