News
Several firms steer Argentina-Brazil edtech merger
Dias Carneiro Advogados in São Paulo and Bruchou, Fernández Madero & Lombardi in Buenos Aires have helped Argentine edtech Digital House merge with Brazilian coding platform Rocketseat.
Bronstein Zilberberg Chueiri & Potenza Advogados in São Paulo advised Rocketseat.
The transaction, the value of which is confidential, closed on 5 October.
With the merger, the companies aim to create a platform to upskill professionals’ technological skills that are highly sought after in the Latin American market. A study by Microsoft has predicted that, in Brazil alone, the demand for developers will create 6.3 million new jobs by 2025.
Rocketseat is an online education company that provides professional technical training to students all over the country. Located in the southern Brazilian municipality of Rio do Sul, it has trained more than 400,000 students.
Founded in 2016, Digital House focuses on developing technological talent through remote online courses. With operations in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay, the company has trained more than 28,000 students.
Earlier this year, Digital House acquired Argentine online education company Acámica. Prior to that, the group raised US$50 million in a funding round to expand its learning operations, as well as its e-commerce, digital marketing and cybersecurity products.
Counsel to Digital House
Dias Carneiro Advogados
Partner Artur Fernandes Andrezo and associates Débora Trovões Cabral and Gabriel Maurício Gelman Arisa in São Paulo
Bruchou, Fernández Madero & Lombardi
Partner Santiago Balbi and associates Agustina Rocca and Sonia Lannuti
Counsel to Rocketseat
Bronstein Zilberberg Chueiri & Potenza Advogados
Partners Guilherme Peres Potenza and Vivian Tito Rudge, and associate Rodrigo Costa Lima in São Paulo