US private equity firm Warburg Pincus purchased a minority stake in Brazilian accounting startup Contabilizei for $125M, making the PE firm the largest shareholder in Contabilizei.
Warburg Pincus invested in a 100% secondary transaction. This transaction allowed Kaszek to fully exit their position, and Point72 and Quona to sell some of their shares in Contabilizei.
“In Brazil, this market is even more interesting because the tax complexities are huge,” said Bruno Maimone, Walburg Pincus’ Managing Director in Brazil.
Contabilizei is an online platform that offers affordable accounting and tax management for SMEs in Brazil.
Founded in 2013, Contabilizei serves over 50K clients in Brazil.
Read more on Brazil Journal.
