May 2025 Letter to Shareholders of Nvni Group Limited
Nuvini Group Limited (NASDAQ: NVNI), a Latin American B2B SaaS company acquirer, shared a shareholder letter outlining its strategic evolution from a collector to a compounder of assets. The company announced the launch of NuviniAI, an initiative aimed at reducing support, sales, and development costs across its portfolio through AI integration.
Key developments include signing a term sheet to acquire Mundii, a São Paulo-based online platform connecting brands with consumers, suppliers, and retail chains, expected to close in Q2 2025. The company has identified five new qualified acquisition targets in Brazil and Mexico, each with over 65% gross margins. Nuvini's current M&A pipeline is valued at US$127 million, with plans to close 1-2 acquisitions by Q3 2025.
Nuvini Group Limited (NASDAQ: NVNI), un'azienda latinoamericana specializzata nell'acquisizione di società B2B SaaS, ha condiviso una lettera agli azionisti che descrive la sua evoluzione strategica da semplice raccoglitore a moltiplicatore di asset. L'azienda ha annunciato il lancio di NuviniAI, un'iniziativa volta a ridurre i costi di supporto, vendite e sviluppo nell'intero portafoglio attraverso l'integrazione dell'intelligenza artificiale.
Tra gli sviluppi principali, la firma di un term sheet per acquisire Mundii, una piattaforma online di São Paulo che collega marchi con consumatori, fornitori e catene retail, con chiusura prevista per il secondo trimestre 2025. L'azienda ha individuato cinque nuovi potenziali target di acquisizione qualificati in Brasile e Messico, ciascuno con margini lordi superiori al 65%. L'attuale pipeline di fusioni e acquisizioni di Nuvini è valutata a 127 milioni di dollari USA, con l'obiettivo di completare 1-2 acquisizioni entro il terzo trimestre 2025.
Nuvini Group Limited (NASDAQ: NVNI), una empresa latinoamericana dedicada a la adquisición de compañías SaaS B2B, compartió una carta a sus accionistas donde detalla su evolución estratégica de recolector a multiplicador de activos. La compañía anunció el lanzamiento de NuviniAI, una iniciativa destinada a reducir los costos de soporte, ventas y desarrollo en todo su portafolio mediante la integración de inteligencia artificial.
Los desarrollos clave incluyen la firma de una hoja de términos para adquirir Mundii, una plataforma en línea con sede en São Paulo que conecta marcas con consumidores, proveedores y cadenas minoristas, con cierre previsto para el segundo trimestre de 2025. La empresa ha identificado cinco nuevos objetivos de adquisición calificados en Brasil y México, cada uno con márgenes brutos superiores al 65%. La actual cartera de fusiones y adquisiciones de Nuvini está valorada en 127 millones de dólares estadounidenses, con planes de cerrar 1-2 adquisiciones para el tercer trimestre de 2025.
Nuvini Group Limited (NASDAQ: NVNI)는 라틴 아메리카의 B2B SaaS 기업 인수 회사로서, 자산 수집자에서 자산 복합 성장자로의 전략적 진화를 설명하는 주주 서한을 공유했습니다. 회사는 포트폴리오 전반에 걸쳐 AI 통합을 통해 지원, 판매, 개발 비용을 절감하는 것을 목표로 하는 NuviniAI 이니셔티브를 발표했습니다.
주요 발전 사항으로는 상파울루에 본사를 둔 브랜드와 소비자, 공급업체, 소매 체인을 연결하는 온라인 플랫폼 Mundii 인수를 위한 조건서(term sheet) 체결이 있으며, 2025년 2분기 완료가 예상됩니다. 회사는 브라질과 멕시코에서 각각 65% 이상의 총 마진을 가진 5개의 신규 인수 대상도 확인했습니다. Nuvini의 현재 M&A 파이프라인 가치는 1억 2,700만 달러이며, 2025년 3분기까지 1~2건의 인수를 완료할 계획입니다.
Nuvini Group Limited (NASDAQ: NVNI), une entreprise latino-américaine spécialisée dans l'acquisition de sociétés SaaS B2B, a partagé une lettre aux actionnaires exposant son évolution stratégique, passant de collecteur à amplificateur d'actifs. La société a annoncé le lancement de NuviniAI, une initiative visant à réduire les coûts de support, de ventes et de développement dans son portefeuille grâce à l'intégration de l'intelligence artificielle.
Parmi les développements clés, la signature d'une feuille de termes pour acquérir Mundii, une plateforme en ligne basée à São Paulo qui connecte les marques aux consommateurs, fournisseurs et chaînes de distribution, dont la clôture est prévue au deuxième trimestre 2025. L'entreprise a identifié cinq nouvelles cibles d'acquisition qualifiées au Brésil et au Mexique, chacune affichant des marges brutes supérieures à 65 %. Le pipeline actuel de fusions et acquisitions de Nuvini est évalué à 127 millions de dollars US, avec l'intention de finaliser 1 à 2 acquisitions d'ici le troisième trimestre 2025.
Nuvini Group Limited (NASDAQ: NVNI), ein lateinamerikanisches B2B-SaaS-Unternehmen, das Firmen übernimmt, teilte in einem Aktionärsschreiben seine strategische Entwicklung vom Sammler zum Vermögensvermehrer mit. Das Unternehmen kündigte die Einführung von NuviniAI an, einer Initiative zur Senkung der Support-, Vertriebs- und Entwicklungskosten im gesamten Portfolio durch KI-Integration.
Zu den wichtigsten Entwicklungen gehört die Unterzeichnung eines Term Sheets zur Übernahme von Mundii, einer Online-Plattform mit Sitz in São Paulo, die Marken mit Verbrauchern, Lieferanten und Einzelhandelsketten verbindet. Der Abschluss wird für das zweite Quartal 2025 erwartet. Das Unternehmen hat fünf neue qualifizierte Akquisitionsziele in Brasilien und Mexiko identifiziert, die jeweils über 65 % Bruttomarge verfügen. Die aktuelle M&A-Pipeline von Nuvini hat einen Wert von 127 Millionen US-Dollar, mit dem Ziel, bis zum dritten Quartal 2025 1-2 Übernahmen abzuschließen.
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Insights
Nuvini shifts from SaaS acquisition to operational optimization via AI integration, with plans to become Latin America's Constellation Software.
Nuvini's strategic pivot marks a significant evolution in its business model. The company is transitioning from what CEO Schurmann describes as a collection phase to a compounding phase, emphasizing operational leverage rather than mere accumulation of SaaS assets.
The launch of NuviniAI represents the cornerstone of this transformation. This initiative aims to reduce support, sales, and development costs across portfolio companies – three of the most resource-intensive areas for SaaS businesses. By standardizing AI infrastructure across its holdings, Nuvini is pursuing a classic platform play where centralized technology investments can drive margin improvements across multiple business units.
This strategy mirrors successful software consolidators like Constellation Software, which Schurmann explicitly references. The comparison is telling – Constellation has delivered exceptional shareholder returns through disciplined acquisitions of vertical market software companies. However, Nuvini's approach differs by emphasizing AI optimization, positioning itself as a next-generation variant of this proven model.
The focus on Latin America's SaaS sector provides Nuvini with a less competitive acquisition landscape than North American markets. Their target criteria of companies with 65% gross margins and strong retention indicates discipline in acquisition selection, focusing on already-profitable businesses rather than growth-at-all-costs candidates.
Nuvini's strategy reflects broader industry maturation, where SaaS companies are increasingly judged on profitability and cash flow rather than growth alone. By emphasizing operational efficiency through AI while maintaining acquisition momentum, the company is attempting to create a self-reinforcing cycle where margin improvements fund further purchases without excessive capital requirements.
Nuvini accelerates M&A activity with five qualified targets, $127M pipeline, and pending Mundii acquisition, signaling disciplined capital deployment approach.
Nuvini's M&A strategy is entering an accelerated phase after its 18-month public market experience. The letter reveals a structured acquisition approach with concrete near-term targets: five qualified acquisition candidates in Brazil and Mexico, a $127 million pipeline, and expectations to close 1-2 acquisitions by Q3-end.
The signed term sheet for Mundii, a São Paulo-based platform connecting brands with consumers and retail chains, represents immediate execution against this pipeline. This target aligns with Nuvini's focus on B2B solutions and appears positioned to enhance their existing ecosystem rather than expanding into entirely new verticals.
Particularly notable is Nuvini's explicit acquisition criteria. They're targeting companies with over 65% gross margins and strong retention metrics – disciplined parameters that prioritize quality over quantity. This selective approach differs from volume-focused roll-up strategies that often encounter integration challenges.
The letter's emphasis on capital discipline and accretive, cash-generative growth indicates a maturation in Nuvini's acquisition philosophy. Rather than purchasing growth at any price, they're positioning as value-oriented acquirers focused on compounding free cash flow – language that echoes successful serial acquirers like Constellation Software and Berkshire Hathaway.
Their dual focus on operational improvements through AI alongside continued acquisitions represents a sophisticated approach to value creation. By implementing standardized AI infrastructure across portfolio companies, Nuvini aims to extract synergies often elusive in software roll-ups. This suggests their M&A strategy has evolved beyond financial engineering toward operational integration that could potentially justify premium valuations for their acquisition targets.
Nuvni’s Next Chapter: From Collector to Compounder
NEW YORK, May 06, 2025 (GLOBE NEWSWIRE) -- Nuvini Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private B2B SaaS companies in Latin America, today issued a letter to shareholders from Nuvini Founder and CEO Pierre Schurmann.
Dear Fellow Shareholders,
I wanted to take this occasion having recently announced our 2024 Full Year results and celebrated over 18 months as a public company to reflect on our journey thus far and discuss the future for Nuvini. Since inception we have been building a stable foundation of profitable, vertical SaaS companies throughout Latin America and believe today we have reached a critical inflection point in our Company’s trajectory. This new phase of growth will be one defined by leverage and execution, and not solely accumulation as we onboard strategic acquisitions to our platform and increase operational efficiencies across our portfolio in order to strengthen our margins.
Nuvini Investment Thesis
Our investment thesis in short is this, Nuvini is building the Constellation Software of Latin America—optimized for the AI era. We acquire durable SaaS businesses, integrate AI to unlock operational leverage, and drive sustainable, compounding returns. That vision is no longer aspirational—it’s underway.
What’s Happening in our Portfolio and Sector?
Latin America’s SaaS sector is going through an undeniable evolution creating massive opportunity to be achieved by those who not only are able to realize scale in a cost-efficient manner, but also by those who compound cash flow, automate operations, and allocate capital with discipline. We believe Nuvini is in a unique position to seize this opportunity and I am excited to share some recent developments from the first quarter of 2025 and catalysts we are looking forward to.
Q1 2025 Updates
As mentioned, Nuvini has reached an important turning point in our strategy fueled by relentless effort and rigorous execution of our business initiatives which have resulted in meaningful positive strides in the first quarter. Notably, we have launched NuviniAI, our AI focused initiative to reduce support, sales and development costs over the next 12 months, which will allow all Nuvini companies to share artificial intelligence progress to gain visibility, recognition and support across our portfolio. Additionally, during the quarter we successfully accelerated our M&A readiness by identifying five new qualified acquisition targets in Brazil and Mexico that all have over
What’s Coming Next?
Looking forward to the second, third quarters and beyond, we are laser focused on execution across two strategic pillars.
1) Firstly, the activation of our M&A engine, exemplified by our expectation to close 1-2 acquisitions by the end of the third quarter. Our current pipeline is US
2) Secondly, we aim to implement the standardization of our AI infrastructure across the portfolio. By the fourth quarter we will obtain a key lever for margin as all operating companies will be integrated to utilize our NuviniAI tools to drive improvements in customer support, sales, and development automation.
Capital Allocation
To drive further value for our investors and stakeholders we are committed to continuing to operate with the mindset of disciplined business owners and operators. Each and every dollar deployed is thoughtfully allocated with a singular goal in mind, to generate and promote long-term compounding free cash flow through rigorous execution while forgoing the pitfalls of speculative hires and vanity marketing.
Thank you for your continued trust.
Sincerely,
Pierre Schurmann
Founder & CEO, Nuvini
About Nuvini
Headquartered in São Paulo, Brazil, Nuvini is Latin America’s leading private serial acquirer of B2B SaaS companies. The company focuses on acquiring profitable, high-growth SaaS businesses with strong recurring revenue and cash flow generation. By fostering an entrepreneurial environment, Nuvini enables its portfolio companies to scale and maintain leadership within their respective industries. The company’s long-term vision is to buy, retain, and create value through strategic partnerships and operational expertise.
Disclaimer and Forward-Looking Statements
Any obligation of the Company under the Term Sheet is subject to, among other things, the execution of the relevant definitive transaction documents, the result of a due diligence on Munddi, the satisfaction of conditions precedent for a transaction of this nature. There can be no assurance that any definitive transaction agreements will be entered into or that the potential Munddi acquisition will be consummated on the terms set forth herein, or at all. Therefore, it is possible that such potential acquisition may never occur.
Statements about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the potential Munddi acquisition and the Term Sheet, including the Concurrent Investment and the other terms thereof. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, without limitation: the Company’s ability to negotiate and enter into a definitive agreement with respect to the potential Munddi acquisition or any other alternative proposals on terms satisfactory to the Company, as well as the desirability of any such potential Munddi acquisition compared to alternatives which may be available to the Company; if a definitive agreement is reached, the Company’s ability to complete the potential acquisition on the anticipated timeline or at all,; general market conditions that could affect the consummation of the potential acquisition; if definitive documents with respect to a potential acquisition are executed, whether the parties will achieve any of the anticipated benefits of any such Proposed Transaction; and other factors discussed in the “Risk Factors” section of the Company’s Quarterly and Annual Reports filed with the SEC, and the risks described in other filings that the Company may make with the SEC. Any forward-looking statements speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Investor Relations Contact
Sofia Toledo
ir@nuvini.co
MZ North America
NVNI@mzgroup.us
FAQ
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