On February 3, 2025, Corpay, a global S&P 500 corporate payments company, announced that it has signed definitive documents to acquire Gringo, a leading vehicle registration and compliance payment company in Brazil. The sale will be an exit for various funds, including Kaszek, Moore, Valor Capital, Onevc, and VEF, as well as for the start-up's founders. Wilson Sonsini Goodrich & Rosati advised Valor Capital on the transaction.

 

Gringo provides a digital app that allows millions of Brazilian drivers to make instant payments for vehicle taxes, registration, and fines. The company has been growing its revenue by over 30 percent annually. The transaction is subject to regulatory approval and is expected to be finalized by the end of the first quarter of 2025.

 

The Wilson Sonsini team that advised Valor Capital on the transaction includes Matt Squires and Jose Corte-Real.

 

For more information, please see Corpay's news release. Additional coverage can be found on The Rio Times and Pipeline Valor.