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Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
General Atlantic Leads Series B Investment in Acesso Digital, Alongside SoftBank
- Client News
- September 21, 2020
Paul, Weiss is representing funds affiliated with General Atlantic LLC in its investment, together with the SoftBank Latin America Fund, in Acesso Digital, a Brazilian technology company specializing in digital identity authentication solutions, including facial recognition, remote hiring and electronic signatures. The $108 million (R$580 million) funding round represents the largest Series B investment received to date by a software-as-a-service (SaaS) company in Latin America. Pursuant to the terms of the investment, General Atlantic and SoftBank will each gain a seat on Acesso Digital’s board.
The transaction is expected to close within the next month.
The Paul, Weiss team includes corporate partners Matthew Abbott and Alvaro Membrillera; tax partner Lindsay Parks; litigation counsel Rachel Fiorill and Peter Jaffe; and antitrust counsel Marta Kelly.