Latin America-Focused SPAC to Mint Billion-Dollar Software Firm Semantix

Software maker Semantix to merge with Alpha Capital SPAC
Deal will give the firm an implied equity value of $1 billion

Alpha Capital's founders and sponsors, left to right, Rafael Steinhauser, President and Director, and Alec Oxenford, CEO and Chairman.Source: Alpha Capital

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By Carolina Millan and Felipe Marques

November 17, 2021 at 5:59 PM UTC

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Semantix, a Sao Paulo-based software maker, plans on going public after merging with a blank-check company focused on Latin American tech.

The deal will give the firm an implied equity value of about $1 billion and allow it to pursue acquisitions and global expansion, according to Rafael Steinhauser, a partner at Alpha Capital, which orchestrated the transaction. Semantix, which provides data software and analytics, has clients including financial institutions, global electronics companies and automakers.