TLDR: Brazilian private equity group, São Pedro Capital, has increased its stake in e-commerce platform Enjoei through a divestment by US venture capital company Bessemer Venture Partners. São Pedro Capital, based in São Paulo, has made the investment as part of its strategy to expand its presence in the Brazilian e-commerce market.
Bessemer Venture Partners, a US venture capital company, has sold a minority stake in Brazilian e-commerce platform Enjoei to São Pedro Capital, a private equity group based in São Paulo. The deal was advised by law firm Mattos Filho. São Pedro Capital made the investment as part of its strategy to expand its presence in the Brazilian e-commerce market.
The divestment by Bessemer Venture Partners allows São Pedro Capital to increase its stake in Enjoei, a leading e-commerce platform in Brazil. The move is aimed at capitalizing on the growing e-commerce sector in the country and expanding São Pedro Capital’s foothold in the market.
Mattos Filho, the law firm advising on the transaction, is known for its expertise in cross-border M&A deals. The firm has professional notice in the Latin Lawyer 250, a directory of top law firms in Latin America.
The deal highlights the ongoing growth and investment in the Brazilian e-commerce market. São Pedro Capital’s increased stake in Enjoei is expected to drive further expansion and innovation in the sector.
