Investment Idea: Estapar is Undervalued

Sem Parar’s Acquisition of Gringo Highlights an Investment Opportunity in Estapar

Disclaimer: I am not an investment advisor. This article is simply an investment idea.

I recently invested in Estapar (ALPK3) after analyzing the deal between Sem Parar and the Brazilian driver app, Gringo. Here’s why I believe this presents an investment opportunity worth sharing with my subscribers.

Sem Parar, a major fintech owned by Fleetcor, recently acquired Gringo for an estimated BRL 1 billion. This is a significant deal, considering Gringo was only founded in São Paulo in 2019. The app provides financial services and digital solutions for thousands of Brazilian drivers. Just six months ago, Gringo raised BRL 70 million in funding.

Key Details of the Sem Parar-Gringo Deal

According to VEF, one of Gringo’s investors, the sale of its stake in Gringo will add US$15.2 million to its balance sheet—the exact amount the fund had invested in the company over the last two years. What????? The same amount as two years ago?

This raises an important question: Was the valuation justified?