Méliuz acquires majority stake in Picodi.com

Rymarz Zdort advised Méliuz S.A. on its investment in e-commerce platform Picodi.com S.A. The transaction comprised the acquisition of approximately 51.2% of the shares from the company’s current shareholders and the conclusion of a shareholders’ agreement. Méliuz also agreed to purchase the remaining 48.8% of the shares in Picodi.com upon the future exit of the current shareholders.

Picodi.com is an international e-commerce platform that brings together discount coupons and promotional codes. It operates in more than 40 countries globally and offers services in 19 different languages. Picodi.com connects more than 12,000 online stores to 4 million users each month.

Méliuz is a Brazilian technology company that offers digital solutions through an integrated marketplace and financial services platform. With its acquisition of shares in Picodi.com, Méliuz has expanded the scope of its reach globally by not only diversifying its geographical revenue base, but also by expanding its range of partners and avenues for growth.

The team advising on the transaction was headed by managing partner Paweł Zdort, supported by Aleksandra Kabać, senior associate and Krystian Kowalski, associate. Monika Kierepa, a partner in the corporate department, led the legal due diligence team that consisted of: Aleksandra Śliwa, associate; Marek Kanczew, counsel; Dr Barbara Skardzińska, senior associate; Hubert Bracichowicz, associate; Izabela Jasion, associate, and Weronika Szyszka, associate.