TTR In The Press
Iberian Lawyer
August 2021
GA_P advises Prosus on €164m investment in Brazil’s Movile
Gómez-Acebo & Pombo has counselled Prosus on its investment in Movile, one of Latin America’s leading and longest-standing investors and growth accelerators for technology companies
Movile Mobile Commerce Holdings, one of Latin America’s leading and longest-standing investors and growth accelerators for technology companies, has received a new investment from Prosus totalling €164,31 million according to market sources as TTR. It means the largest primary investment in a single round since Movile’s founding in 1998.
Headquartered in São Paulo, Brazil, Movile is one of Latin America’s largest investment groups and growth accelerators for technology companies. The Movile team is passionate about challenges and dreams big, with the goal of positively impacting the lives of 1 billion people through its technology and applications. The company and its affiliates employ more than 5,000 people around the world who are specialists in finance, management, culture and innovation.
Source: Iberian Lawyer - Spain