Mountain Partners acquires Groupon Latin America

Mountain Partners enlarges its base in the e-commerce business segment with the acquisition of Groupon Latin America. The regional Hub of Mountain Partners, Mountain Nazca, handles the acquisition and is now invested in more than 34 Latin American companies. With the acquisition, Mountain Partners expands its global portfolio to over 90 investments and confirms its growth path. Dr. Cornelius Boersch, Chairman of the Board of Directors and Founder of Mountain Partners:

«With the acquisition of Groupon LatAm, we are pursuing the goal of expanding e-commerce in Latin America. At the same time, we are making another growth step towards becoming the leading global Company Builder with focus on disruptive technology companies.»

Groupon is an internationally established e-commerce platform that provides consumers a marketplace for offers around the world. Diverse service providers offer activities, events, food and shopping with discount coupons. Groupon’s declared goal is to combine local trading with a strong and international customer base and thus to increase local sales: “The company can strengthen its market position in the region and improve its growth prospects in countries such as Chile, Argentina, Colombia, Mexico and Peru», states Boersch. With the acquisition Mountain Nazca aims to connect future digital projects with the Groupon platform and thus distinguish from other Company Builders: «Groupon’s business model in our target markets of Mexico, Argentina, Colombia, Peru and Chile has great synergies with our existing investments in the region,» states Felipe Henríquez, Managing Partner of Mountain Nazca Chile. Hans Hanckes takes over the management of Groupon LatAm. Hanckes has been working for the company for more than five years. He served as Country Manager of Colombia, Peru and Panamá and later as Chief Operating Officer for Latin America. About Mountain Partners As a globally operating Company Builder headquartered in Zurich (Switzerland), Mountain Partners holds more than 90 investments in the sectors E-Commerce & Web Services, Digital Payments & Fintech and Technology & Security. In the context of the digital revolution, Mountain Partners selects, develops and supports young, disruptive technology companies. With a global network of nine international Hubs, strategically located in emerging markets (Latin America, Middle East and Southeast Asia), Mountain Partners supports the companies from their incubation, through growth phases, internationalization and ultimately exit. About Mountain Nazca Mountain Nazca is a Company Builder focused on Latin America as well as Latin American entrepreneurs outside the region with the goal of building lasting companies. Being part of the global Company Builder Mountain Partners, the company has a strong international support and broad global network. Mountain Nazca supports Latin America’s most promising talent with a true bottom-up approach from seed stage through different growth phases to internationalization.

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