Buenos Aires, September 16th, 2021. The Argentine company Veritran, Inc., a leading global low-code software developer, obtained strategic investment from Trivest Growth Investment Fund II, a fund managed by US private equity company Trivest Partners LP. With this investment, the fintech reached a US$225 million valuation. The transaction closed in August 2021; Beccar Varela advised Trivest on all Argentine law-related matters involved.
Trivest Partners LP is the oldest private equity firm in the Southeast U.S., headquartered in Miami, Florida. The company focuses exclusively on supporting and growing founder and family-owned businesses. Since its founding in 1981, Trivest has completed more than 300 investments, totaling approximately $7 billion in value.
Founded in 2005, Veritran Inc. is a global company that accelerates and simplifies the development of digital solutions through its enterprise low-code platform. Headquartered in Buenos Aires, Argentina, it has offices in 7 countries and a team of 300 people. Among its clients, it offers services to more than 50 leading banks.
Counsel to Trivest Growth Investment Fund II (managed by Trivest Partners LP):
In the USA, Mexico, and Colombia
Holland & Knight: team led by partners Danielle Price, Enrique Conde and Sean Tevel, and Associate Allison Lehn. They were assisted by partners Eugenio Grageda, Ariadna Alvarez, Juan Carlos Valencia, Leslie Palma and Elizabeth Burkhard; senior counsel Selene Espinosa, Rafael Lafont Castillo and Christine Gay; and associates Alexa Póo, Maria Rueda, Carolina Castro de la Torre and Maria Pineda Valero.
Beccar Varela: team led by partner Ramón I. Moyano, also comprised of senior associate Lucía Degano.
Counsel to Veritran Inc.:
Garrigues: team led by partners Diego Rodriguez Titos and Ferrán Escayola.