Shearman & Sterling represented Waha Capital in connection with its purchase of 50,000 shares of Series B preferred stock of Despegar.com, Corp. (NYSE: DESP) in a private placement for an aggregate purchase price of $49 million. Despegar is a leading online travel agency in Latin America with over two decades of business experience and operating in 20 countries in the region. Despegar will use the proceeds from this transaction for general corporate purposes, including potential acquisitions.

Waha Capital is an Abu Dhabi-listed investment company that offers shareholders and third-party investors exposure to high-potential opportunities in diversified asset classes, managing  assets across several sectors, including healthcare, financial services, energy, infrastructure, industrial real estate and capital markets.

The Team