Mercato Partners (NASDAQ:MPRA) closed its combination with Brazilian software firm Nuvini this afternoon and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “NVNI” and “NVNIW” on October 2.
The combined company will continue to be led by its existing CEO and a seven-member Board including Mercato CEO Dr. Greg Warnock and CFO Scott Klossner. The parties have yet to release redemption figures, but Mercato expanded the deal’s PIPE to $12.8 million this week.
Mercato Partners initially announced its $312 million combination with Nuvini in February of this year. Sao-Paulo-based Nuvini is a leading acquirer of business software firms in Brazil.
This portfolio includes leadlovers, Ipê Digital, Effecti, Datahub, Onclick, Mercos and SmartNX, and the company aims to continue geographic expansion throughout South America moving forward.
ADVISORS
- Maxim Group LLC acted as exclusive financial advisor to Mercato in connection with the business combination.
- Latham & Watkins LLP served as Mercato’s U.S. legal counsel.
- Machado Meyer served as Mercato’s Brazilian legal counsel.
- Maples and Calder (Cayman) LLP served as Mercato’s Cayman legal counsel.
- Mayer Brown LLP advised the Nuvini Group as their U.S. legal counsel.
- Tauil & Chequer Advogados, an affiliate of Mayer Brown LLP, as Nuvini’s Brazilian legal counsel.
- Carey Olsen Cayman Limited, as Nuvini’s Cayman legal counsel.
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