Etsy, Inc. (NasdaqGS:ETSY) signed a definitive agreement to acquire Elo7 Serviços de Informática S.A. for approximately $220 million on June 28, 2021. Consideration will be paid in cash, subject to certain adjustments for Elo7's working capital, transaction expenses, cash and indebtedness, and reduced by the value of certain equity awards of Etsy to be granted to Elo7 employees in connection with the transaction. Elo7 will continue to be run by its existing leadership and management team. Following the closing of the transaction, Elo7 will continue to be headquartered in Sao Paulo, Brazil and operate as a standalone marketplace. The transaction is subject to satisfaction of customary closing conditions and expected to close during the third quarter of 2021. In the near term, Elo7's current run rate for GMS and revenue is expected to be neutral to Etsy's top-line results and modestly dilutive to adjusted EBITDA margin. J.P. Morgan Securities LLC acted as financial advisor, Deloitte & Touche Corporate Finance UK Limited acted as due diligence provider and Ken S. Myers, Lynda M. Twomey and Bomi Lee of Fenwick & West LLP and Bronstein, Zilberberg, Chueiri & Potenza Advogados acted as legal advisors to Etsy. Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP and Koury Lopes Advogados acted as legal advisors to Elo7 Serviços de Informática S.A. Etsy, Inc. (NasdaqGS:ETSY) completed the acquisition of Elo7 Serviços de Informática S.A. for approximately $210 million on July 2, 2021. The fair value of consideration transferred of $212.1 million consisted of cash consideration paid of $211.3 million, net of cash acquired, and non-cash consideration of $0.8 million representing the portion of the replacement equity awards issued in connection with the acquisition that was associated with services rendered through the date of the acquisition.