Linx to Merge With Stone
August 11, 2020
Cleary Gottlieb is representing Goldman Sachs as financial advisor to Linx, which has entered into a definitive agreement with StoneCo Ltd. (Stone) to merge with STNE Participações S.A.
The transaction was announced on August 11, 2020.
Linx is a leading technology company and provider of retail management software in Brazil. It develops and provides affordable, easy-to-use, reliable, and integrated software solutions to over 70,000 retail clients across more than 100,000 storefronts with approximately R$300 billion of gross transaction volume (GTV), through a software-as-a-service (SaaS) business model.
Stone is a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels. STNE Participações S.A. is a subsidiary of Stone that holds its software investments business in Brazil.