M&A Deal Summary |
|
|---|---|
| Date | 2024-12-23 |
| Target | Despegar.com |
| Sector | Internet Software and Services |
| Buyer(s) | Prosus |
| Sellers(s) | L Catterton Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Allen Overy Shearman Sterling (A&O Shearman) (Legal) |
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| Category | Company |
|---|---|
| Founded | 1994 |
| Sector | Internet Software and Services |
| Employees | 21,048 |
| Revenue | 5.5B USD (2024) |
Prosus is a global consumer internet group and one of the largest technology investors in the world. It is a strategic investor and an operator of fast-growing consumer internet businesses, particularly focused on online classifieds, payments and fintech, and food delivery in markets including India, Russia and Brazil. Its ventures arm pursues new growth opportunities with investments in edtech and health, among others. Prosus was founded in 1994 is based in Amsterdam, Netherlands.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Internet Software and Services) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 2 |
| Country (Argentina) | 1 of 1 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-01 |
PayU GPO
Amsterdam, Netherlands PayU GPO is a financial services provider with more than 300 payment methods and PCI-certified platforms to process. The company also specializes in innovative consumer and small business products that improve access to credit and banking services in markets that are underserved by traditional financial services providers. PayU GPO is based in Amsterdam, Netherland. |
Sell | $610M |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 30.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 103 of 103 |
| Sector (Internet Software and Services) | 3 of 3 |
| Type (Add-on Acquisition) | 47 of 47 |
| Country (Argentina) | 1 of 1 |
| Year (2024) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-12-12 |
Postcard Cabins
New York, New York, United States Postcard Cabins is a designer and operator of tiny house rentals in beautiful rural areas just outside major cities. Postcard Cabins places their custom-built homes, each between 160 and 200 square feet, on secluded land in wooded, natural landscapes and rents them out by the night to those looking to easily escape their daily routines and experience the restorative benefits of nature. Postcard Cabins was founded in 2015 and is based in New York, New York. |
Sell | - |
