Investment Summary

General Atlantic Invests In dLocal

On September 15, 2020, growth capital firm General Atlantic invested in internet software and services company dLocal

Investment Highlights
  • This is General Atlantic’s 57th transaction in the Internet Software and Services sector.
  • This is General Atlantic’s 2nd transaction in Uruguay.
Investment Fate
  • dLocal went public in 2021.

Investment Summary

Date 2020-09-15
Target dLocal
Sector Internet Software and Services
Investor(s) General Atlantic
Deal Type Growth Capital

Target

dLocal

Montevideo, Uruguay
dLocal is a cross-border payment platform founded upon the mission of closing the payments innovation gap that exists between developed countries and emerging economies. Its 360°, single-API platform is designed to handle and facilitate mass online payments across Latin America, APAC, the Middle East, and Africa. By operating as a merchant’s local payments processor in each country, dLocal empowers global merchants to reach billions of customers, accept payments, send payouts, and settle funds globally. dLocal was founded in 2016 and is based in Montevideo, Uruguay.

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Investor(S) 1

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B 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 New York, New York.


DEAL STATS #
Overall 255 of 364
Sector: Internet Software and Services M&A 57 of 78
Type: Growth Capital M&A Deals 106 of 140
Country: Uruguay M&A 2 of 2
Year: 2020 M&A 19 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 Pague Menos

Fortaleza, Brazil

Pague Menos is a drugstore retail chain. Pague Menos sella a variety of products, including medicines, personal care items, beauty products, Pague Menos was founded in 1981 and is based in Fortaleza, Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Reliance Retail

Mumbai, India

Reliance Retail operates an online and offline retail business in three core segments across India: food & grocery, fashion & lifestyle, and consumer electronics. Reliance Retail was founded in 2006 and is based in Mumbai, Maharashtra.

Buy -