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.