M&A Deal Summary

Nubank Acquires Easynvest

On September 11, 2020, Nubank acquired financial services company Easynvest from Advent International

Acquisition Highlights
  • This is Nubank’s 1st transaction in the Financial Services sector.
  • This is Nubank’s 1st transaction in Brazil.

M&A Deal Summary

Date 2020-09-11
Target Easynvest
Sector Financial Services
Buyer(s) Nubank
Sellers(s) Advent International
Deal Type Add-on Acquisition

Target

Easynvest

São Paulo, Brazil
Easynvest is a digital investment platform in Brazil. With Easynvest’s 100% digital platform, individual investors can access and analyze a wide range of investments, including government bonds, private securities, and investment funds, in addition to buying and selling stocks, options and futures. Easynvest is based in São Paulo, Brazil.

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Buyer(S) 1

Buyer

Nubank

São Paulo, Brazil

Category Company
Founded 2013
Sector Financial Services
DESCRIPTION

Nubank is the largest independent digital bank with around 30 million customers. Nubank launched its first product in 2014, a credit card with no annual fee managed entirely by a mobile app. Nubank also launched its benefits program, Nubank Rewards, and its digital account, currently used by 26 million Brazilians. Nubank was founded in 2013 and is based in São Paulo, Brazil.


DEAL STATS #
Overall 1 of 3
Sector: Financial Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Brazil M&A 1 of 1
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 Hyperplane

Palo Alto, California, United States

Hyperplane is a data intelligence company that enables financial institutions to train, evaluate, and deploy self-supervised, deep-learning models on first-party data for decision-making. The company's platform is a central hub, allowing customers to train hundreds of bespoke models across various business domains such as risk, collections, and marketing. Hyperplane was formed in 2022 and is based in Palo Alto, California.

Buy -

Seller(S) 1

SELLER

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 190 of 233
Sector: Financial Services M&A 24 of 25
Type: Add-on Acquisition M&A Deals 71 of 87
Country: Brazil M&A 10 of 13
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-14 Aareon

Mainz, Germany

Aareon is a provider of ERP software and digital solutions for the European property industry, Aareon is setting the standards for the management of complex business processes. Aareon is based in Mainz, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Grupo CRM

São Paulo, Brazil

Grupo CRM is a premium chocolate producer with established brands such as Kopenhagen and Chocolates Brasil Cacau and Kop Koffee and has a state-of-the-art manufacturing plant in Extrema, Minas Gerais, in the southeast of Brazil. Grupo CRM is based in São Paulo, Brazil.

Buy -