Caatinga buys control of Nexti

Caatinga buys control of Nexti

Equity Funds M&A Brazil Capital Markets Interviews Technology

Brazilian investment firm Caatinga Capital has agreed to pay BRL170 million ($35.6 million) to buy 70% of Nexti, a human capital management technology firm, a company executive told LatinFinance. "Only a small part of the digitalization market is currently explored. There is a slow migration as most companies are still using paper and Excel rather than digital means," said Marcelo Gomes, the managing partner at Caatinga who will become CEO of Nexti. Fortaleza-based Caatinga financed the acquisit

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