Advent International Invests in EBANX
07.14.21
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Simpson Thacher represented affiliates of Advent International (“Advent”) as the sole investor in a $400 million financing round in EBANX.
EBANX is a leading cross-border commerce platform in Latin America connecting global merchants with local consumers helping companies such as Amazon, Alibaba, Shopee, Spotify and Uber reach and conduct commerce with over 70 million Latin American consumers across 15 countries through its proprietary platform and solutions. EBANX processed over US$3.5 billion in volume and 150 million transactions in 2020. EBANX intends to use the proceeds from the primary component of the transaction to fund its continued expansion and reinforce EBANX’s leadership in Latin America.
The Simpson Thacher team included S. Todd Crider and Luis R. Pellerano (Corporate); and Benjamin Rippeon and Abigail Hopper (Tax).