Transaction between Almaviva and Apax funds will drive innovation in the digital transformation of large companies in Brazil and worldwide
Almaviva, an Italian leader in digital solutions and technological transformation, has just taken another bold step in its global trajectory by entering into a definitive agreement to acquire TIVIT, one of the leading Brazilian technology companies with a strong presence throughout Latin America, in a transaction with funds advised by Apax Partners LLP (“Apax”).
This union will create a powerhouse with the capacity to accelerate innovation, maximize the reach of digital solutions and drive the growth of companies across a wide range of sectors in one of the most promising regions in the world. Together, Almaviva and TIVIT bring complementary portfolios and offerings that will continue to support the success of their clients.
Since its acquisition by Apax Funds in 2010, TIVIT has expanded its presence in new markets, making several significant acquisitions, including Synapsis, a company operating in the IT services market in Latin America, and XMS, a company specializing in implementing cloud solutions also in Latin America. In 2016 and 2022, as part of its strategy to focus on digital solutions, TIVIT spun off two business units: Neobpo and Takoda. As a result of this repositioning, the company strengthened its board and attracted strategic talent for the areas of digital transformation, cybersecurity, cloud solutions and SAP.
“TIVIT has a solid track record and is present in the largest companies in the country. It is recognized for its technical capacity and deep knowledge of local markets. By integrating it into our ecosystem, we are taking an important step forward in consolidating Almaviva as one of the global leaders in digital transformation, with revenues exceeding R$12 billion,” says Marco Tripi, shareholder and CEO of Almaviva.
Operating in 10 countries in Latin America, TIVIT stands out for its robust portfolio of cloud solutions, cybersecurity management, digital platforms and managed services. Now, with the strategic support of Almaviva, the company is preparing to scale its operations even further, expanding the impact of its solutions worldwide.
“We are entering a new chapter. The arrival of Almaviva opens doors to even greater opportunities for growth and innovation. We are very excited about what we will build together,” says Paulo Freitas, CEO of TIVIT.
Sectors such as financial services, transportation, manufacturing, utilities, healthcare and government will directly benefit from the complementarity of portfolios and the new joint delivery capacity, combining local and international expertise with global scale.
“We are very proud to have been part of TIVIT’s journey, supporting its mission to strengthen the largest companies in Latin America through technology. Throughout this period, the Apax Funds have actively and strategically partnered with management to spin off divisions and acquire key companies to drive growth. It has been a privilege to work with TIVIT founder Luiz Mattar, Paulo Freitas and other members of the leadership team to scale and evolve TIVIT in this dynamic industry. We believe this new chapter with Almaviva will create a number of opportunities to accelerate TIVIT’s growth,” said Jason Wright, partner at Apax.
The closing of the transaction is subject to compliance with the usual preconditions for transactions of this nature, including approval by regulatory bodies such as the Administrative Council for Economic Defense (CADE). Once completed, it will begin a new phase of joint growth between Almaviva and TIVIT, with direct benefits for their customers, partners and teams.
JP Morgan acted as financial advisor to Apax, and Mattos Filho and Skadden acted as legal advisors to Apax and TIVIT in the transaction. Benetti & Giammarino Advogados and LO Baptista Advogados acted as legal advisors to Almaviva.
About Almaviva
Almaviva, the Italian group focused on the field of digital innovation, with a global presence through a network of companies specialized in technology and sector-specific core business processes.
Almaviva Group designs, implements and manages advanced technological solutions and systems and related logistics structures for companies and public administrations operating in various sectors, including but not limited to transport, logistics, agriculture, digital health, defense and security, energy, public services, financial services, industry, telecommunications and media. For more information, visit www.almaviva.it.
About TIVIT
TIVIT is a Brazilian multinational that connects technology for a better world. With over 25 years of experience and operations in ten Latin American countries, it specializes in creating transformative digital projects. Through its constantly evolving business lines, the company supports companies in sustainability and scalability, with cloud solutions (public, hybrid and private), and enables secure environments, with cybersecurity resources, in addition to developing technologies focused on Artificial Intelligence and offering services focused on automation and SaaS solutions. The digital transformation generated by TIVIT impacts millions of people every day. For more information, visit tivit.com and follow our LinkedIn and Instagram.
About Apax
Apax Partners LLP is a leading global private equity advisory firm. For over 50 years, Apax has been driving growth and transforming companies. The firm has raised and advised funds with aggregate commitments of approximately $1.4 billion. The Apax Funds invest in companies across three global sectors: Technology, Services and Internet/Consumer. These funds provide long-term equity financing to build and grow world-class companies. For more information, visit www.apax.com. Apax is authorised and regulated by the Financial Conduct Authority in the UK.
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