Investment Summary

FTV Capital and Advent International Invest In EBANX

On January 31, 2018, growth capital firm FTV Capital and private equity firm Advent International invested in financial services company EBANX

Investment Highlights
  • This is FTV Capital’s 19th and Advent International’s 29th transaction in the Financial Services sector.
  • This is FTV Capital’s 1st and Advent International’s 20th transaction in Brazil.

Investment Summary

Date 2018-01-31
Target EBANX
Sector Financial Services
Investor(s) FTV Capital
Advent International
Deal Type Growth Capital

Target

EBANX

Curitiba, Brazil
EBANX is a global financial company that offers end-to-end payment solutions across the entire cross-border e-commerce transaction flow, providing over 100 Latin American local payment options to global merchants eager to expand throughout the region. EBANX was founded in 2012 and is based in Curitiba, Brazil.

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Investor(S) 2

Investor

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 83 of 133
Sector: Financial Services M&A 19 of 23
Type: Growth Capital M&A Deals 26 of 58
Country: Brazil M&A 1 of 2
Year: 2018 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 WePay

Palo Alto, California, United States

WePay, Inc. is a provider of payments as a service for online platforms and marketplaces.

Sell $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-30 Clearent

Creve Coeur, Missouri, United States

Clearent is a provider of full-service, payment solutions that leverages its proprietary payments platform to make doing business easier and more profitable for its sales partners. Clearent was founded in 2005 and is based in Creve Coeur, Missouri.

Sell -
Investor

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 260 of 353
Sector: Financial Services M&A 29 of 36
Type: Growth Capital M&A Deals 19 of 30
Country: Brazil M&A 20 of 26
Year: 2018 M&A 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-25 Circet

Sollies-Pont, France

Circet is a provider of telecoms infrastructure services. Circet's clients include telecoms operators, manufacturers of telecoms equipment, key accounts owning infrastructures, infrastructure operators, the state and local authorities. Circet was founded in 1993 and is based in Sollies-Pont, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 FSG

Caxias do Sul, Brazil

FSG is one of the largest private higher education companies with operations in Bento Gonçalves, Farroupilha, and Ijuí. The company provides education to more than 10,000 undergraduate and graduate students. FSG was founded in 2003 and is based in Caxias do Sul, Brazil.

Sell -