Warburg Pincus completed the acquisition of a minority stake in Contabilizei for $125m.

Warburg Pincus, a global growth investor, completed the acquisition of a minority stake in Contabilizei, an accounting firm in Brazil, for $125m. "Contabilizei strengthens Warburg Pincus' thesis of investing in scalable technology companies in sectors that still have low technology adoption and growing demand. We see great potential in the company, especially in a market still dominated by manual processes, with ample room for automation and the use of artificial intelligence. Additionally, there is significant room for further monetization through the expansion of financial services offered on the platform. The investment in the company is also aligned with our global strategy, as we have a long history of investing in companies in the tax automation space in the United States, such as Avalara and Chipsoft," Bruno Maimone, Warburg Pincus Managing Director.