Nvni Group Limited and Mercato Partners Acquisition Corporation, a publicly-listed special purpose acquisition company (Nasdaq: MPRA) (Mercato), announced the execution of a definitive business combination agreement by and among NewCo, Nuvini Holdings Limited (with all its subsidiaries, the Nuvini Group), Nuvini Merger Sub, Inc. and Mercato. Upon completion of the proposed business combination, the combined company will have an enterprise value of approximately US$312 million and will operate under the “Nuvini” name. Its ordinary shares are expected to be listed on the Nasdaq Stock Market under the ticker symbol “NVNI.” The business combination is expected to provide the Nuvini Group with access to the public equity capital markets and thereby position it to continue growing its portfolio of SaaS companies.
Latham & Watkins LLP represents Mercato in the transaction with a corporate deal team led by Orange County capital markets partner Drew Capurro, Houston M&A partner Ryan Maierson, and Houston M&A counsel Thomas Verity, with Houston associates Denny Lee, Vera Bespalova, Christina Schrantz, and Greg Sorensen. Advice was also provided on capital markets matters by New York associate Kaj Nielsen and Orange County associates Eric Hanzich, Mekbeb Hagos, Allison Blair and Lexi Zintel; on tax matters by New York partners David Raab and Alan Kimball, with Washington, D.C. associate Abigail Friedman; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with Houston associate Dane Rebkowec; on intellectual property matters by New York partner Jeffrey Tochner, with New York associate Pelin Serpin; on data privacy matters by Bay Area partner Robert Blamires, with San Diego associate Kathryn Parsons-Reponte; on antitrust matters by Washington, D.C. partner Jason Cruise, Frankfurt partner Max Hauser, and Washington, D.C. counsel Joseph Simei, with Frankfurt associate Nicolas Jung; on FCPA matters by New York partner Matthew Salerno; on sanctions matters by Washington, D.C. counsel Andrew Galdes, with Washington, D.C. associate Eric Green; and on environmental matters by Los Angeles counsel Joshua Marnitz.