May 2025
Conyers has advised long-standing client, Despegar (NYSE:DESP), Latin America’s leading online travel company, on its acquisition by Prosus, a leading global technology company.
The transaction, which was structured as a BVI statutory merger, closed on 15 May 2025 and values Despegar at approximately US$1.7 billion. Despegar has now been delisted from the New York Stock Exchange and has become a wholly-owned subsidiary of Prosus.
Partner Anton Goldstein and Associate Jack Irwin of Conyers’ BVI office advised on the transaction, working alongside A&O Shearman, as US counsel to Despegar.
Partner Anton Goldstein commented, “We are delighted to have advised Despegar on this important transaction. We started working with Despegar in 2017 on its initial public offering on the New York Stock Exchange and have worked closely with the company and management ever since. The acquisition by Prosus represents an important milestone for Despegar and we wish the company, management and Prosus every success.”