Maples Group Advises Prosus Acquisition of Leading Latin American Online Travel Agency

Maples and Calder, the Maples Group’s law firm, is pleased to have advised a subsidiary of global investment and technology group, Prosus N.V. (“Prosus”), on its US$1.7 billion acquisition of Despegar.com, Corp (“Despegar”), Latin America’s leading online travel agency. The transaction was completed on 15 May 2025.

Following the take-private, Despegar, which was originally listed on the New York Stock Exchange, was delisted through a BVI statutory merger and became a wholly owned subsidiary of Prosus.

Ruairi Bourke, co-head of the BVI Corporate, Finance and Funds & Investment Management teams, and associate Elliott Ruffle provided BVI counsel to Prosus on the acquisition. They worked along Davis Polk & Wardwell LLP, US Counsel to Prosus

“We are pleased to have advised Prosus on this strategic acquisition and we look forward to seeing the future advancements that result from this collaboration,” Ruairi commented. “This transaction serves as a testament to our team’s understanding of the Latin America market and unparalleled expertise in high-value M&A deals in the jurisdiction. Our experience in these deals allowed us to assist our client in navigating the complexities of this transaction with precision and confidence.”