Arco Platform’s $150 Million Investment Round

Latham & Watkins represented Dragoneer in the transaction.

Arco Platform Limited, or Arco (Nasdaq: ARCE), has entered into agreements led by affiliates of Dragoneer Investment Group LLC (“Dragoneer”), which have committed to make a US$100 million strategic investment, and General Atlantic Partners, which has committed to make a US$50 million strategic investment, through the purchase of convertible senior notes, subject to customary closing conditions.

Arco Platform Ltd is a Brazil-based company specialized in the education industry. The Company develops educational solutions focuses on content, educational technology, supplemental programs and specialized services. 

Dragoneer is a San Francisco-based, growth-oriented investment firm backed by many of the world’s leading endowments, foundations, sovereign wealth funds and family offices, with a long track record of successfully identifying category and industry leaders. 

General Atlantic is a global growth equity firm providing capital and strategic support for growth companies.

Latham & Watkins represented Dragoneer in the transaction with a deal team led by Los Angeles/New York partner Greg Rodgers (Picture) and Bay Area partner Haim Zaltzman, with New York associates Andrew Blumenthal, Claire Solimine, and James Dorian. Advice was also provided on debt finance matters by Bay Area partner Dan Van Fleet, and on tax matters by New York partner Bora Bozkurt, with associate Michael Yu. 

Involved fees earner: Andrew Blumenthal – Latham & Watkins; Bora Bozkurt – Latham & Watkins; James Dorian – Latham & Watkins; Gregory Rodgers – Latham & Watkins; Claire Solimine – Latham & Watkins; Dan Van Fleet – Latham & Watkins; Michael Yu – Latham & Watkins; Haim Zaltzman – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Dragoneer Investment Group;