Mercato Partners Acquisition in a proxy filing called a Sept. 28 meeting for shareholders to vote on the proposed merger with SaaS-focused Nuvni Group.
Announced in February, the deal has a combined enterprise value of $312 million.
The estimated pro forma enterprise value includes an anticipated $23 million in cash net of Nuvini debt at the time of closing, assuming no further redemptions by Mercato’s existing stockholders.
Founded in in São Paulo, Brazil, in 2020 by serial entrepreneur and investor Pierre Schurmann, Nuvini is a private serial software business acquirer focused on Latin America. With seven companies currently in its portfolio, the Nuvini Group intends to use the expected funding and capital market access from the business combination to continue furthering its acquisition strategy. Read more.
