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New Deal


Announced

2TM Group to acquire CriptoLoja.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Acquisition

Majority

Private

Pending

Portugal

Cross Border

FinTech

crypto exchange

Synopsis

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2TM Group, an owner of MercadoBitcoin.com, Latin America’s largest crypto exchange, agreed to acquire CriptoLoja, a first licensed Lisbon-based crypto exchange. Financial terms were not disclosed. “Crypto is a global business. Our Series A & B funding rounds gave us the momentum we needed to expand our international footprint. In addition to an enhanced financial opportunity, the investment provides us with outstanding technology required to compete globally. Portugal is a strategic market for us because it requires a specific license, is becoming an important hub for crypto in Europe and opens a gateway into the larger European market,” Roberto Dagnoni, 2TM Group CEO.

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