FT Partners Advises Stone on its $145 million Series G Financing
Overview of Transaction
- In September 2017, Stone raised $145 million in its Series G financing
- New investors Gávea Investimentos and Advent International participated, along other existing investors
- Stone is a leading provider of FinTech solutions that empower merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels in Brazil
- Founded in only 2014, São Paulo-based Stone has quickly grown to serve over 230,000 active clients with a focus on SMBs
- Gávea Investimentos is an independent Brazilian investment management firm with approximately $3 billion in AUM as of September 2018
- Founded in 1984, Advent International is one of the largest global private equity firms, with offices on four continents, focused on buyouts and growth equity investments
Significance of Transaction
- The investment demonstrates Stone’s leading position in Brazil’s FinTech market and highlights strong investor appetite for leading FinTech companies globally
FT Partners' Role
- FT Partners served as strategic and financial advisor to Stone on the financing
- FT Partners also served as Stone’s advisor on its IPO and $100 million private placement from Ant Financing in October 2018
- FT Partners leveraged its deep industry knowledge, extensive transaction expertise, and broad scope of relationships to achieve a highly favorable outcome for Stone