Leonardo Antunes
BroadSpan Capital
Delivery Center
Deal Type
Fundraising
Sector
Technology
Completion Date
28th December 2018
Deal Value
Not disclosed
Company Background
Founded in December 2016, Delivery Center is an online solution platform in Brazil that provides customers the possibility to buy, in a single order, several products with the guarantee of a same-day or even same-hour delivery.
The platform uses shopping malls with strategic locations to serve nearby customers, offering convenience and agility, as well as providing tenants with an additional sales channel.
Deal Summary
BroadSpan Capital acted as exclusive financial advisor to Delivery Center on a sale of a minority stake to BRMalls and a Series A capital raise.
BRMalls Participações S.A. (“BRMalls”) is the largest shopping mall company in Brazil, with a portfolio of 39 malls, comprising 1,445.5 thousand m² of GLA and 874.2 thousand m² of owned GLA.
The Series A capital raise involved investors from different industries strategically related to Delivery Center’s operations.
The association with BRMalls and the capital raised will allow Delivery Center to accelerate its expansion plans by granting access to a variety of malls and retailers in prime locations in major metropolitan areas of the country.
Value Added
BroadSpan has actively acted with controlling shareholders throughout the process, assisting in defining the ideal investor profile and the best proposed funding structure for a Series A funding round, in order to maximize the value of the sale and minimize the risks and guarantees of the transaction.
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