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.