Goldman Sachs’s $34 Million Investment in Ualá

Baker McKenzie and Gibson, Dunn & Crutcher advised on the deal

Goldman Sachs executed a $34 million investment in Ualá, a personal financial management mobile app, electronic payment processor and issuer of MasterCard prepaid cards developed by Bancar Technologies Limited.

The investment by Goldman Sachs was executed by its participation as lead investor in the latest funding round of Bancar Technologies Limited, the sole shareholder of Bancar Tecnología S.A.U.

Baker McKenzie advised Goldman Sachs with a team including Gabriel G?mez-Giglio (Picture), Francisco Fernández-Rostello, Cecilia Máspero, Geraldine Mirelman, Felipe Graham and Ayelén León.

Gibson, Dunn & Crutcher advised Goldman Sachs with Richard Birns,  Drew McLelland, Eric Cohen, Meghan Hungate, Brenda Rivera and Ella Alves Capone.

Hughes Hubbard & Reed represented Ualá on the deal with a team including Ken Lefkowitz, Andy Braiterman, Gerold Niggemann, Michael Traube and Matt Syrkin.


Involved fees earner: Kenneth Lefkowitz – Hughes Hubbard & Reed; Gerold Niggemann – Hughes Hubbard & Reed; Michael Traube – Hughes Hubbard & Reed; Andy Braiterman – Hughes Hubbard & Reed; Matt Syrkin – Hughes Hubbard & Reed; Richard Birns – Gibson Dunn & Crutcher; Drew McLelland – Gibson Dunn & Crutcher; Eric Cohen – Gibson Dunn & Crutcher; Brenda Rivera – Gibson Dunn & Crutcher; Meghan Hungate – Gibson Dunn & Crutcher; Ella Alves Capone – Gibson Dunn & Crutcher; Gabriel Adrián Gómez Giglio – Baker McKenzie; Francisco José Fernández Rostello – Baker McKenzie; Cecilia Maspero – Baker McKenzie; Geraldine Mirelman – Baker McKenzie; Ayelén León – Baker McKenzie;

Law Firms: Hughes Hubbard & Reed; Gibson Dunn & Crutcher; Baker McKenzie;

Clients: Goldman, Sachs & Co.; Ualá;