Analysis of IT investment in Brazil. Latest acquisitions and rounds.

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Integral service around a transaction
BY : Diego GutiérrezMarch Tue, 2018

We take a look at the latest acquisitions and the most important investment rounds led by technology companies in Brazil.

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CreativeDrive acquires Decora

15 MAR 2018  CreativeDrivea US-based fashion and home décor content creation company, has acquired the Brazilian company Decoratewhich specialises in the creation of 3D decoration scenarios, by $100M.

Based in Florianópolis, Decora automates the creation of 3D product models and scenarios that are used by e-commerces. In this way, customers can create environments and edit, add, delete and modify images dynamically on the platform itself.

Didi Chuxing acquires 99Taxis

03 JAN 2018  The Chinese company Didi Chuxingwhich develops and manages an urban transport and mobility platform, has acquired control of the Brazilian company 99Taxisin the same sector. The value of the purchase is approximately $600M.

The deal includes the acquisition of stakes in Riverwood Capital, Monashees Capital, Qualcomm Ventures, Tiger Global Management and SoftBank, as well as an equity injection in 99Taxis.

Movile receives $82M

08 DEC 2017 Movilea developer of mobile interactivity products and services, has received a $82M capital injection from two of its investors, global internet and entertainment group Naspers and Brazil-based investment fund Innova Capital.

One of the main objectives of the injection will be to increase the company's stake in iFood, a food delivery company with a strong presence in Latin America.

This is the second round Movile has closed in 2017. In June, the company received $53M from Naspers and Innova to invest in its shipping, ticketing and education segments.

Accor completes acquisition of BHG

22 NOV 2017  Accorthe France-based hotel company, through Hotelaria Accor Brasil, has acquired the hotel management platform BHGbased in Brazil, for BRL200M.

With the transaction, Accor will manage 17 hotels in the hands of BHG, which will invest around BRL300M over the next four years in the renovation and repositioning of the 17 units that will progressively receive Accor flags.


Aloo Telecom receives $75M

28 AUG 2017  Aloo Telecomthe Brazil-based telecommunications company, has received $75M from Brazil-based private equity fund Cartesian Capital Group in exchange for a 33.8% stake.

Aloo Telecom, founded in 2003 in Alagoas, has more than 3,000 corporate clients in the public and private sectors, already covering 14 states.

Telefónica Brazil acquires Terra Networks Brazil

03 JUL 2017  Telefónica Brazil has acquired, through its subsidiary Telefónica Data, the stake of SP Telecomunicações in Terra Networks Brazil. The value of the deal amounts to BRL250M.

Terra Networks Brazil manages the Terra portal and provides digital and advertising services. The objective of this operation is to expand and integrate Telefónica Data's commercial offering of digital services.

Boston Scientific acquires Symetis

15 MAY 2017  Boston Scientifica US-based company specialising in the development of healthcare solutions, has acquired Symetisa manufacturer of aortic valves. The value of the transaction is $435M.

Symetis is a Brazilian company focused on minimally invasive transcatheter aortic valve implantation (TAVI) devices, which recently acquired Acurate, a company that also specialises in the production of aortic valves.

The purchase allows Symetis to become part of the Boston Scientific Interventional Cardiology division, which will immediately begin selling Acurate valve systems in Europe and other countries outside the US.

99Taxis receives a capital injection of $100M

05 JAN 2017  The Sao Paulo-based technology company, 99Taxishas received a $100M capital injection from Didi Chuxing (China), Riverwood Capital (US), Tiger Global (US) and US-based Qualcomm Ventures, and Brazil-based fund Monashees.

99Taxis, founded in 2012, is an online taxi ordering platform. The startup is active in 550 cities in Brazil.

Didi Chuxing will provide strategic support and advice in the areas of technology, product development, operations and business planning.

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