Ritch Mueller counsels SBLA Advisers Corp on $127 million investment in Kavak
Ritch Mueller has represented SBLA Advisers Corp. and other investors, including General Atlantic JV, in a $127 million subsequent investment round in Kavak, the leading Mexico-based used car platform.
The equity round, which closed on March 25, 2025, was co-led by SoftBank and General Atlantic, and marks a significant step for Kavak as it continues to consolidate its position in the Latin American automotive sector.
The deal involved multiple jurisdictions, notably the United States and Brazil, reflecting the international scope of Kavak’s investor base and operations. Sullivan & Cromwell acted as US counsel to SoftBank, while Pinheiro Neto Advogados advised SoftBank in Brazil.
Kavak will use the fresh capital to expand its lending operations, enhance core business activities in Mexico, and lay the groundwork for a potential IPO within the next three to five years.
The company, founded in 2016, has reported rapid inventory turnover and significant growth in its financing arm, Kuna Capital, which has issued nearly $1 billion in loans over the past four years.
Ritch Mueller’s team was led by partners Gabriel Robles Beistegui (pictured left) and Alejandro Santoyo (pictured right), with support from Ana Jáuregui de Villa, Ana Gabriela Ríos Sánchez, Pablo De Arrigunaga López, and Samantha Oseguera Labastida.
