Tiger Global Sinks $500M Into Top Brazilian E-Retailer

Law360, New York (January 27, 2014, 4:11 PM EST) -- U.S.-based investment firm Tiger Global Management LLC is investing up to BRL 1.2 billion ($496 million) for a stake in Brazilian online retailer B2W Companhia Digital SA as part of a capital increase for the Brazilian company of over BRL $2 billion, B2W said in a statement released Friday.

B2W, controlled by retailer Lojas Americanas SA, said that Tiger Global has agreed to pay between BRL 459 million and BRL 1.2 billion as part of the company’s capital increase. B2W said it plans to raise BRL...
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