July 21, 2021
G2D Investments, a venture capital and private equity firm owned by GP Investments, said it sold a stake in Brazilian financial technology company Blu Pagamentos to US private equity firm Warburg Pincus in a Series B investment round, according to a securities filing.
G2D did not reveal the size of the stake that it sold, but said it would receive BRL54 million ($10.4 million) from the deal and hold on to a stake worth BRL157 million. Press reports said Warburg Pincus spent BRL300 million to acq
GP Investment's VC division offloads part of the Brazilian fintech to the US private equity firm in a Series B investment round