Almaviva Acquires Brazilian Tech Giant Tivit

Almaviva, a leading Italian digital solutions and technology transformation group, has acquired Tivit, one of the largest technology companies in Brazil with a strong presence throughout Latin America. The acquisition was made by Almaviva from funds managed by Apax Partners. The transaction is pending regulatory approval. Advisors involved included J.P. Morgan for Apax as the financial advisor, while Mattos Filho and Skadden served as legal advisors for Apax and Tivit. Benetti & Giammarino Advogados and L.O. Baptista Advogados acted as Almaviva's legal advisors. This acquisition is projected to accelerate innovation, expand the reach of digital solutions, and drive business growth across multiple sectors in Latin America, including financial services, transportation, manufacturing, utilities, healthcare, and public administration. Tivit, operational in ten Latin American countries, has a robust portfolio in cloud solutions, cybersecurity management, digital platforms, and managed services. Originally acquired by Apax in 2010, Tivit has pursued a strategy of market expansion through several acquisitions including Synapsis and XMS. Tivit's strategic repositioning involved divesting business units Neobpo and Takoda in 2016 and 2022, enhancing its board, and attracting strategic talent in digital transformation, cybersecurity, cloud solutions, and SAP. Almaviva's CEO Marco Tripi highlights this acquisition as a major step in consolidating Almaviva's global leadership in digital transformation, with revenues exceeding 12 billion reais. Tivit's CEO Paulo Freitas expressed optimism and foresaw significant growth and innovation opportunities with Almaviva, echoed by Jason Wright, partner at Apax, emphasizing Apax's strategic ownership and the potential for continuous growth.