M&A Deal Summary

GOL Acquires Smiles

On December 7, 2020, GOL acquired information technology company Smiles from General Atlantic

Acquisition Highlights
  • This is GOL’s 1st transaction in the Information Technology sector.
  • This is GOL’s 1st transaction in Brazil.

M&A Deal Summary

Date 2020-12-07
Target Smiles
Sector Information Technology
Buyer(s) GOL
Sellers(s) General Atlantic
Deal Type Merger

Target

Smiles

Sao Paulo, Brazil
The Smiles program is a coalition loyalty program that allows members to accrue miles with every flight.

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Buyer(S) 1

Buyer

GOL

São Paulo, Brazil

Category Company
Founded 2000
Sector Transportation
Employees14,700
Revenue 19.1B BRL (2024)
DESCRIPTION

GOL is a provider of air passenger transportation services through flight transportation and smiles loyalty program segments. GOL also offers cargo transportation and logistics services. GOL was founded in 2000 and is headquartered in Sao Paulo, Brazil.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Brazil M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

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 120 of 166
Sector: Information Technology M&A 24 of 28
Type: Merger M&A Deals 4 of 4
Country: Brazil M&A 6 of 6
Year: 2020 M&A 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 Zimmermann

Rosebery, Australia

Zimmermann is a global luxury fashion brand that designs and sells iconic Ready-To-Wear and Swim & Resort collections through its online platform and own retail stores, as well as select department stores, boutiques, and online fashion retailers. Zimmermann was founded in 1991 and is based in Rosebery, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 SciNeuro

Shanghai, China

SciNeuro is a clinical-stage biotechnology company focused on developing innovative medicines for patients with central nervous system diseases. SciNeuro is based in Shanghai, China.

Buy -