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FT Partners Advises Stone on its $100,000,000 Private Placement with Ant Financial

Overview of Transaction

  • On October 22, 2018, StoneCo Ltd. (Nasdaq: STNE) entered into an agreement to sell $100 million of Class A common shares to Ant Financial at its IPO price
  • The Class A common shares issued in the Ant Financial placement will be subject to a 180-day lock-up agreement, which is similar to the lock-up agreements entered into by Stone’s directors, executive officers and existing shareholders
  • Stone is a leading provider of FinTech solutions that empower merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels in Brazil
  • Founded in only 2014, São Paulo-based Stone has quickly grown to serve over 230,000 active clients with a focus on SMBs
  • Within the first half of 2018, the Company processed over $9 billion of transactions and posted revenue of $171 million and net income of $24 million

Significance of Transaction

  • Ant Financial’s investment adds a high-profile, strategic name to the list of highly-regarded, long-term investors that participated in Stone’s IPO, underscoring confidence in the potential growth of electronic payments in Brazil

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Stone on the private placement in addition to serving as Stone’s IPO Advisor
  • FT Partners also advised Stone on its $145 million Series G financing round in September 2017
  • FT Partners leveraged its deep industry knowledge, extensive transaction expertise, and broad scope of relationships to achieve a highly favorable outcome for Stone