March 30, 2021
Miami partner Jackson Hwu recently advised the major investor shareholders of Geru in connection with its merger with Rebel, both Brazilian online credit FinTechs. The merger created Open Co., the largest unsecured credit FinTech in Brazil that now controls an estimated 50% of the FinTech credit market in Brazil. Open Co. will have R$800 million available in credit lines and has originated R$1.5 billion in loans. The merger was shortly followed by a R$150 million equity investment co-led by the IFC and Goldman Sachs. Jackson advised the existing major investor shareholders of Geru (Chromo Invest, Sampa Ventures, and Latam Investimenti) in the transaction.
Hwu is the co-chair of the Nelson Mullins Latin America & Caribbean Practice Team. The team consists of fluent Portuguese- and Spanish-speaking lawyers with experience in domestic and cross-border venture capital transactions, M&A, and emerging growth company representation.
Established in 1897, Nelson Mullins is an AmLaw 100 firm with more than 800 attorneys and government relations professionals with 25 offices in 11 states and Washington, D.C. For more information on the firm, go to www.nelsonmullins.com.
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