Tech Firm Nava, Backed by Itaú and Bradesco, Eyes Acquisitions Ahead of 2026 IPO Window

• Why Is Nava’s Growth Trajectory Turning Heads?
• How Secure Is Nava’s Banking Sector Dominance?
• Crescera’s Playbook: Why the No-Rush IPO Strategy?
• The Acquisition Roadmap: What’s Under Nava’s Hood?
• Private Equity’s Crystal Ball: When Will the IPO Window Open?
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Brazil’s IPO drought is nearing its fifth anniversary, but tech services provider Nava is gearing up for a potential 2026 debut. With heavyweight clients like Itaú and Bradesco fueling its growth, the company plans strategic acquisitions to triple revenue before going public. Here’s why private equity firm Crescera Capital is betting big on this 30-year-old tech player.

Why Is Nava’s Growth Trajectory Turning Heads?

Nava isn’t just another tech firm—it’s a revenue rocket. From R$131.2 million in 2020 to R$388.5 million in 2024, the company’s financials read like a success manual. CEO André Scatolini confirms they’re gunning for R$500 million in 2025, excluding acquisition boosts. "We’re closing two deals by late 2025 and have a third in the pipeline for 2026," he told us. With Crescera Capital’s undisclosed investment fueling this M&A spree, Nava’s playing chess while others play checkers.

How Secure Is Nava’s Banking Sector Dominance?

When your client roster includes Santander, Safra, and Inter alongside Itaú/Bradesco, cybersecurity isn’t optional—it’s existential. Scatolini admits the recent R$1.5 billion Pix system heist was a wake-up call: "We’re constantly upgrading our digital fortress." Given that financial institutions contribute most of Nava’s revenue, their tech stack’s resilience directly impacts Brazil’s banking security. Talk about pressure.

Crescera’s Playbook: Why the No-Rush IPO Strategy?

Laura Guaraná, Crescera’s Private Equity lead, drops truth bombs: "We typically hold investments for 7-8 years—Nava’s no exception." The firm’s track record speaks volumes—their 90% annual return on education tech firm Afya’s Nasdaq IPO proves patience pays. With Brazil’s high interest rates currently "handcuffing growth," as Guaraná puts it, Crescera’s content to wait for the economic tide to turn before unleashing Nava’s IPO.

The Acquisition Roadmap: What’s Under Nava’s Hood?

Scatolini’s M&A dashboard shows two deals in final laps—one nearing signing, another in due diligence. The targets? Likely tech firms bolstering Nava’s financial sector solutions. By 2026, expect two more additions. This isn’t growth—it’s hypergrowth, with acquisitions expected to materially impact financials post-2026. For context, Nava’s already tripled revenue organically since 2020. Now imagine that on acquisition steroids.

Private Equity’s Crystal Ball: When Will the IPO Window Open?

Guaraná’s betting on interest rate drops to "unlock Nava’s explosive potential." With Crescera’s R$4 billion portfolio including education giants like Afya and Ânima, their timing instincts are sharp. "The company’s IPO-ready now," she admits, "but we’ll wait for the perfect market conditions." Given Brazil’s five-year IPO famine, Nava’s 2026 timeline might just hit the sweet spot between economic recovery and investor appetite.

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What makes Nava attractive to investors like Crescera?

Nava’s rare combo of steady banking sector revenue (Itaú/Bradesco/Santander), 3x organic growth since 2020, and a clear acquisition roadmap makes it a private equity darling. Crescera’s Afya exit proves they know how to spot winners.

How vulnerable is Nava to Brazil’s economic fluctuations?

While high interest rates currently limit growth, Nava’s diversified banking clientele and essential tech services provide stability. Their R&D focus on cybersecurity also future-proofs the business against digital threats.

Could Nava’s IPO happen before 2026?

Technically yes—Crescera confirms Nava’s already IPO-ready. But with their typical 7-8 year hold period and current market conditions, 2026 appears the strategic target unless economic conditions dramatically improve.