Demarest assists Banco Inter in R$2.5bn deal with Stone
Demarest Advogados assisted Banco Inter and shareholders in negotiating the terms of the investment of up to R$2.5 billion that Stone will make as an anchor investor in the follow-on public offering to be implemented by Banco Inter
Stone is known for being a fintech in the world of slot machines, but it has changed its business and is now worth about $19.5 billion on Nasdaq. Banco Inter is the fintech darling of the Brazilian stock market and is worth about 42 billion reais, after having multiplied its stock market value by six in 12 months.
The lead partner in the operation for Demarest was José Diaz (pictured) with the help of partners Christiano Chagas, João Paulo Minetto, Paola Pugliese and Thiago Giantomassi. Associate Leticia Galdino Wanderley complemented the team.