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New Deal


Announced

Completed

SoftBank, DST Global and Greenoaks Capital led the $400m Series C round in Kavak.

Financials

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Transaction Value£309m
Consideration TypeCash
Capital Owned-
Capital Bid For35%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Friendly

used car platform

Mexico

Online and Social Platforms

Minority

Private

Single Bidder

startup

Completed

Acquisition

Venture Capital

Private Equity

Synopsis

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Investment companies SoftBank, DST Global and Greenoaks Capital led the $400m Series C round in Kavak, a used-car platform, with participation from QED Investors and follow-on from KaszeK Ventures and General Atlantic. "It’s really humbling for us to be the first Mexican unicorn. It’s something really important for the ecosystem in Latin America, and especially Mexico," Carlos Garcia, Kavak CEO.

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