Investment Summary

General Atlantic and Vulcan Capital Invest In Neon

On September 2, 2020, growth capital firm General Atlantic and family office Vulcan Capital invested in financial services company Neon

Investment Highlights
  • This is General Atlantic’s 26th and Vulcan Capital’s 4th transaction in the Financial Services sector.
  • This is General Atlantic’s 13th and Vulcan Capital’s 1st transaction in Brazil.

Investment Summary

Date 2020-09-02
Target Neon
Sector Financial Services
Investor(s) General Atlantic
Vulcan Capital
Deal Type Venture

Target

Neon

Sao Paulo , Brazil
Neon is a Brazilian neo-bank. Neon launched with a simple digital account and has since expanded its product suite to include investment products, credit cards, and personal loans, among other new offerings and features. Neon was founded in 2016 and is based in Sao Paulo, Brazil.

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Investor(S) 2

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 254 of 364
Sector: Financial Services M&A 26 of 32
Type: Venture M&A Deals 56 of 98
Country: Brazil M&A 13 of 19
Year: 2020 M&A 18 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-14 Gymshark

Solihull, United Kingdom

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

Buy -
FOLLOWING 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 -
Investor

Vulcan Capital

Seattle, Washington, United States

Investor


Category Family Office
Founded 1986
Size Mega
Type Sector Agnostic
DESCRIPTION

Vulcan Capital is the private investment group of Vulcan Inc., the organization founded by Paul G. Allen to manage his personal and professional endeavors. Vulcan Capital looks to invest at all company stages and will consider opportunities across an array of industries. Sectors of interest include business services, consumer products, distribution and logistics, energy and natural resources, financial services and insurance, healthcare, manufacturing, media, technology, and telecom. The Firm's target investment size is $10 to $100 million. In addition to direct investing, Vulcan Capital also makes fund investments as well as invests in public securities. Vulcan Inc. was formed in 1986 and has offices in Seattle, Washington and Palo Alto, California.


DEAL STATS #
Overall 34 of 34
Sector: Financial Services M&A 4 of 4
Type: Venture M&A Deals 17 of 17
Country: Brazil M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 4INFO

San Jose, California, United States

4INFO, Inc. is an identity and media solutions company, solving the digital and TV convergence. 4INFO's platform powers people-based marketing with its patented Bullseye ID®— a persistent, accurate match key that maps consumers to all of their connected devices in a household as well as to valuable consumer data, including CRM data —without compromising privacy. 4INFO provides customers superior match rates for their data, which allows them to use it at scale for both advertising and marketing purposes. 4INFO, Inc. was established in 2004 and is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Enhanced Capital

New York, New York, United States

Enhanced Capital is a diversified national asset management firm that provides investment capital to small businesses that are underserved by traditional sources of financing. Enhanced Capital was founded in 1999 and is based in New York, New York.

Sell -