Business Services
Nuestra actuación en business services reúne sectores como logística, distribución industrial, TIC y energía. Estamos al lado de los empresarios para maximizar el valor de su negocio.
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Nuestra actuación en business services reúne sectores como logística, distribución industrial, TIC y energía. Estamos al lado de los empresarios para maximizar el valor de su negocio.
Transacciones concluidas en este sector
Países donde se realizaron las transacciones
Especialistas dedicados a este sector
ferias comerciales, exhibiciones y conferencias mapeadas globalmente
bilhões de reais transacionados com fundos de investimento internacionais
Context
Founded in 2007, GreenYellow is a French multinational and global leader in decentralized energy transition, operating in more than 15 countries. Globally, it has already invested over €2 billion in photovoltaic solar energy and energy efficiency, with over 1.7 GWp of installed capacity and more than 1,700 UFSs. In Brazil, with over a decade of presence and about 80 solar assets connected or under construction across 16 states, GY is a major operator in distributed solar generation.
The transaction comprises the sale of 23 photovoltaic solar plants to Athon Energia, totaling 50.7 MWp of installed capacity, located across six states. This deal is part of GreenYellow’s global strategy to rotate assets and reinvest in new projects in Brazil.
These assets increased Athon’s capacity to over 210 MWp and substantially expanded its footprint in the B2B distributed generation market.
Strategic rationale
The transaction strengthens Athon Energia’s position as a leading corporate-focused solar distributed generation platform in Brazil, enhancing its asset base and national coverage. For GreenYellow, the sale enables reallocation of resources toward strategic new projects in the country.
Context
The MOVE3 Group and Sequoia Logística e Transporte (SEQL3) merged operations to become Brazil’s largest private small parcel delivery company. MOVE3 pioneered a technological logistics ecosystem enabling fast, efficient deliveries and product storage, covering the entire logistical process. Sequoia, a publicly traded company on B3, specializes in small parcel transport and logistics. The deal comes amid Sequoia’s financial restructuring, leveraging the combined operations to create a leader focused on automation and process efficiency.
Strategic rationale
The merger builds a more powerful express delivery platform by combining MOVE3’s technological know how and reach with Sequoia’s scale and financial structure.
Context
Founded in 2010, Grupo Prime is composed of Prime Energy, Exata Energia, Ativa Energia, and Arion Energia—two energy trading companies, a consultancy specialized in Brazil’s Free Energy Market and distributed generation (DG), and a company focused on energy efficiency. With offices in nine Brazilian cities, Grupo Prime serves B2B customers through a complete portfolio of energy services.
Shell Brasil Renewables & Energy Solutions Ltda., part of the Shell Group, is a global energy company focused on innovative renewable energy solutions and energy trading.
Strategic rationale
The acquisition strengthens Shell’s position in Brazil’s fast-growing free energy market and expands its B2B footprint. By combining Grupo Prime’s strong local presence with Shell’s global energy trading expertise, the company gains reach and scalability to deliver tailored solutions to a broader client base. This move also positions Shell ahead of the market’s expansion to medium-voltage B2B consumers in January 2024, reinforcing its competitiveness and complementing Shell Energy Brasil’s operations.
Context
Conexamérica develops green and economically attractive energy solutions for commercial clients, aiming to foster a more sustainable environment. The group currently operates a 0.3 MWp solar plant and has a robust pipeline of new distributed generation projects.
Strategic rationale
The issuance of Real Estate Receivables Certificates (CRI) marked Conexamérica’s debut in the capital markets and raised sufficient funds to fully finance the construction of seven new photovoltaic plants, totaling 3.5 MWp in installed capacity. Including its existing plant, the company will operate 3.8 MWp in total. The CRI structure has a 15-year term and enables Conexamérica to grow with long-term capital, supporting the continued expansion of Brazil’s renewable energy sector.
Context
Founded in 1994, in Barra Mansa/RJ, Lanlimp Group is a leading company in the distribution of cleaning and hygiene products, attending over 1,500 clients in more than 13,000 points across all regions of Brazil, including cleaning service providers, hospitals and clinics, foodservice, among others. The Company has its operational base in Rio de Janeiro and a distribution center in São Paulo.
Bunzl, a UK-based multinational specialized in distribution and services internationally, employs over 22,000 people, has a revenue of more than USD 15 billion worldwide, and operates across various regions including North America, Latin America, Europe, Asia and Oceania, as well as the UK and Ireland.
The transaction stands out as one of the largest deals in the cleaning and hygiene products distribution segment in recent years.
Strategic Rationale
The transaction between Bunzl and Lanlimp Group aims to strengthen the multinational's operations in cleaning and hygiene solutions in Brazil, while Lanlimp, under the leadership of its current shareholders, will enhance its national relevance and reinforce its presence with new clients and economic segments.
Context
A Geradora, established in 1989, is a leading company in Brazil's power generation rental market. With a strong fleet of high-quality equipment focused on backup and off-grid power solutions, A Geradora operates through 15 branches strategically located across the country. The company has a diverse customer base spanning various industries and employs approximately 650 individuals, with its headquarters in Salvador, Bahia.
LOXAM is the leading French and European company in equipment and tool rental for construction and worksites, industry, landscaping, event management, and services. The Group is the 4th largest player in the world, with consolidated revenue of €2.4 billion in 2022, leveraging the know-how and commitment of its 11,800 employees across more than 1,090 branches in 30 countries.
The operation stood out as one of the largest equipment rental company transactions in recent years.
Strategic Rationale
This acquisition solidifies Loxam's position in the Brazilian equipment rental market. Together, these operations are expected to generate combined pro-forma revenue of BRL 450m (approximately EUR 85 million) for Loxam in Brazil in 2022. With a consolidated network of 42 branches nationwide, Loxam will have an extensive reach and improved proximity to customers.
Context
With over 20 years of experience, Grupo Services is a leading Brazilian provider of digital customer experience (CX) solutions. The company specializes in customer experience management, boasts around 30% annual growth, and is known for creating the first 100% digital contact center in Brazil in 2016. Fueled by proprietary technology and an award-winning AI platform, Grupo Services delivers unique experiences to customers, employees, and consumers.
Webhelp, headquartered in France, is a global leader in customer experience and business solutions, operating in 213 sites across 58 countries with over 110,000 employees worldwide.
Strategic rationale
The acquisition enhances Webhelp's digital CX capabilities by incorporating Grupo Services’ advanced AI-driven technology, omnichannel solutions, and self-service tools such as chatbots. It also expands Webhelp's presence in Brazil, a key and growing CX BPO market, aligning with its strategy to strengthen its footprint in Latin America.
Context
Ecotec Fumigation is a Brazilian pest control and fumigation services company, specializing in providing innovative and effective solutions to protect businesses, homes, and public spaces from pests and infestations. Known for its technical expertise and commitment to safety and quality, Ecotec has built a strong presence and reputation in the Brazilian market.
Rentokil Initial is a global leader in pest control and hygiene services, headquartered in the UK, with operations in over 80 countries. The company provides pest control, fumigation, and hygiene solutions to commercial and residential customers worldwide, leveraging its scale and innovation to deliver safe, sustainable services.
Strategic Rationale
The acquisition of Ecotec consolidates the presence of Rentokil in Brazil, and allows entry into the Argentine market. The strategy also allows the buyer to expand its operations in the fumigation market in Brazil and leverage its global expertise in pest control, increasing its customer base and contributing to growth in Latin America.
Context
e-Vertical is a leading provider of building automation and electronic security services, offering operation, maintenance, and installation solutions. The company operates in high-end corporate buildings in São Paulo and Rio de Janeiro, as well as logistics centers, hospitals, malls, banks, hotels, schools, cultural institutions, and commercial sites throughout Brazil and Latin America.
Strategic rationale
e-Vertical sold 55% of its shares to Grupo GPS to support the expansion of its current and future solutions and reinforce its national footprint. The partnership enhances GPS Group’s ability to offer smart building technologies to over 3,100 clients. e-Vertical’s founding executives remain in charge of the company’s management. The transaction was advised by igc partners.
Context
Founded in 1988, Liderança Cobranças is a national leader in amicable debt collection in Brazil, with over 3,200 employees and 2,500 service positions across four offices in São Paulo, Barueri (2), and Foz do Iguaçu. The company serves major institutions across diverse industries.
Banco Santander S.A., headquartered in Madrid, Spain, is one of the largest banks in the world by market capitalization and a global leader in retail and commercial banking. Founded in 1857, the Santander Group serves more than 160 million customers through approximately 9,800 branches and over 200,000 employees in Europe, the Americas—including Brazil—and other regions. The transaction was carried out by Santander’s Brazilian subsidiary, which plays a key role in the group’s Latin American operations.
Strategic Rationale
The acquisition strengthens Santander’s non-performing asset recovery capabilities by integrating Liderança’s specialized debt collection infrastructure and experienced team. It complements Santander’s existing digital tools enhancing the bank’s operational efficiency in recovering defaulted assets and providing a more comprehensive credit risk management solution.
Context
CDF, a leader in the Brazilian market for technical support services and appliance installation, operates under a B2B2C model through partnerships with major retailers such as Via and Magazine Luiza, telecom companies like Vivo (through Vivo Guru), and utilities such as Comgás and CPFL. Founded in 2007, the company provides remote technology support, white goods and brown goods installation, as well as home appliance maintenance. IGC Partners acted as CDF’s exclusive financial advisor in the transaction.
Strategic Rationale
The sale of a majority stake to the FIP BTG Pactual Economia Real fund enables CDF to expand its distribution channels — by strengthening partnerships with regional retailers and utilities — and diversify its portfolio of products and services. The transaction also facilitates an acceleration of its M&A agenda, supporting the company’s growth under the new ownership structure.
Context
Founded by Aldo Teixeira 40 years ago in Maringá, Aldo Solar is among Brazil’s largest distributors of solar generator systems, serving over 11,000 resellers and installers. In 2020, the company reported R$1.6 billion in revenue and sold roughly one-third of all rooftop solar systems in the country—over 160,000 units.
Strategic rationale
Brookfield Business Partners, the private equity arm of Brookfield Asset Management based in Canada, acquired a 35% stake in Aldo Solar, investing approximately US$320 million, including US$115 million directly funded by Brookfield. The investment aims to support the company’s national expansion, enhance its technological and service offerings, and strengthen its leadership in Brazil’s distributed solar energy market.
Context
Founded in 2006, Nepos Sistemas is a Brazilian leader in parking solutions, with seven operational hubs and over 115 employees managing more than 15,000 parking systems across more than 700 sites — including malls, airports, exhibition centers, supermarkets, and other high-traffic locations.
CAME S.p.A., headquartered in Dosson di Casier, Treviso, Italy, is a global provider of integrated technological solutions for access control, automation, and smart mobility. The company operates in over 21 countries with a workforce of approximately 1,700 and is active in more than 118 markets globally. The acquisition of Nepos aligns with the expansion of its CAME Parkare division in Latin America.
Strategic Rationale
CAME aimed to reinforce its position in the global parking systems sector and drive its business growth in evolving smart-city and urban mobility environments. Integrating Nepos allows CAME Parkare to leverage local market expertise, enhance user-centric parking experiences, and expand its international footprint via a proven partner with established infrastructure in Brazil.
Context
igc partners is pleased to announce it advised Transmoreno, one of Brazil’s leading finished vehicle logistics companies, on its transaction with JSL (B3: JSLG11), one of the country’s largest transportation and logistics groups. Founded in 1978 and headquartered in São José dos Pinhais (PR), Transmoreno specializes in new vehicle transportation and offers additional services such as fueling, storage, shipping, and vehicle yard management. The company serves major clients including Renault, Nissan, and Volkswagen, with operations in Paraná and Rio de Janeiro.
Strategic rationale
The acquisition strengthens JSL’s position in the automotive logistics sector. It supports the group’s growth strategy, expands its service portfolio, and consolidates its logistics platform throughout Brazil.
Context
Texlog (comprised of Lotus Logística Integrada and Sete Serviços de Entrega) provides services in last-mile delivery (up to 30 kg), cross-docking, express deliveries, reverse logistics, and international courier, covering over 2,500 municipalities across Brazil. Sequoia, backed by Warburg Pincus and specializing in integrated logistics across sectors like warehousing, fashion, e-commerce, education, and payments, acquired Texlog to reinforce its last-mile operations in the Southeast, notably in Rio de Janeiro and Minas Gerais.
Strategic rationale
The acquisition created a powerful synergy between Texlog’s last-mile delivery capabilities in challenging urban areas and Sequoia’s robust distribution infrastructure. This enhanced Sequoia’s logistics network and regional dominance, further consolidating its leadership in technology-driven e-commerce logistics.
Context
RZF Projetos, Construções e Serviços Rodoviários, based in Araras, São Paulo, specialized in roadworks, landscaping, and infrastructure services. Its acquisition by Grupo GPS marked a strategic expansion into road maintenance, complementing GPS’s existing portfolio in facilities and infrastructure services.
Strategic rationale
The transaction reinforced Grupo GPS’s leadership in infrastructure and outsourced services across Brazil. Integrating RZF expanded its operational reach into road maintenance in key states including SP, MG, PR, SC, and RS, generating synergies and enhancing service capabilities.
Context
In 2016, CB Air, an executive aviation company founded by Michael Klein, acquired Global Aviation for R$38 million, plus liabilities estimated at up to R$70 million. The deal brought together established brands such as Global Táxi Aéreo, Reali Táxi Aéreo, Pássaro Azul, and SSR Assessoria, resulting in a combined fleet of 32 aircraft.
The transaction was approved by ANAC and CADE later that year. The companies began operating under the new brand Icon Aviation, becoming a national leader in executive aviation.
Strategic rationale
The acquisition consolidated CB Air’s leadership in the Brazilian executive aviation market, expanding its aircraft fleet, hangar network, and operations in key hubs like São Paulo, Rio de Janeiro, and Brasília.
Context
Vivante — a facilities and industrial maintenance company owned by private equity funds Axxon Group and Marceau Finance — acquired a 40% stake in BC2 Construtora, which specializes in maintaining and conserving privatized highways in Brazil. Investment was structured as a capital injection with a disclosed value potentially reaching up to R$100 million over the following five years, aimed at supporting BC2’s growth in transport infrastructure services. At the time, Vivante’s revenue was around R$250 million (in 2015), and the funds were intended entirely for growth initiatives.
Strategic rationale
The transaction aimed to elevate BC2 to become one of Brazil’s largest providers of infrastructure maintenance services, including ports, airports, and railroads. Vivante’s involvement, underpinned by Axxon and Marceau, reflects a strategic emphasis on investing in high-potential infrastructure sectors.
Context
CorpFlex, a provider of cloud computing and IT outsourcing solutions, received investment from 2bCapital, a private equity fund focused on mid-sized companies. Founded in 1992 and based in Barueri, Brazil, CorpFlex serves approximately 30,000 users with its technology platform.
Strategic rationale
The injection of capital aimed to accelerate CorpFlex’s national growth by funding enhancements in its cloud infrastructure, commercial and marketing teams, operations, customer service, and innovation.
Context
America Net is one of Brazil’s largest telecommunications companies, operating nationwide with a portfolio that includes corporate internet, fixed telephony, data center services, private networks, and cloud solutions. The company became a standout in the market due to its innovative capabilities and its integrated, high-quality service offerings for clients across various industries.
Strategic rationale
The equity sale to Axxon Group — a private equity firm focused on mid-sized companies in Brazil — aimed to bring growth capital to fuel America Net’s expansion. The investment enabled the company to enter a new phase of accelerated growth and development over the following years.
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Adaptamos los 28 años de experiencia de IGC para crear un proceso tailor-made para el sector, ya sea en M&A o fundraising. Actuamos con diferentes perfiles de transacciones y tesis, con un equipo especializado que garantiza una dinámica estratégica de estructuración, abordaje y negociación.
Transacciones en fundraising.
Mil millones de reales transaccionados con fondos nacionales e internacionales.
Actuamos con una amplia red de compradores estratégicos e inversionistas financieros a nivel global, incluyendo fondos de private equity, family offices y compañías multinacionales de diversos sectores.
Actuamos con una amplia red de compradores estratégicos e inversores financieros a nivel global, incluyendo fondos de private equity, growth, venture capital y compañías multinacionales de diversos sectores.
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Seguimos de cerca la evolución de las principales tesis sectoriales y perfiles de transacción. En los últimos años, hemos liderado diversas transacciones relevantes, conectando compradores globales con el sector.
Seguimos de cerca la evolución de las principales tesis sectoriales y perfiles de transacción. En los últimos años, hemos liderado diversas transacciones relevantes, conectando compradores globales con el sector.
Context
Founded by Aldo Teixeira 40 years ago in Maringá, Aldo Solar is among Brazil’s largest distributors of solar generator systems, serving over 11,000 resellers and installers. In 2020, the company reported R$1.6 billion in revenue and sold roughly one-third of all rooftop solar systems in the country—over 160,000 units.
Strategic rationale
Brookfield Business Partners, the private equity arm of Brookfield Asset Management based in Canada, acquired a 35% stake in Aldo Solar, investing approximately US$320 million, including US$115 million directly funded by Brookfield. The investment aims to support the company’s national expansion, enhance its technological and service offerings, and strengthen its leadership in Brazil’s distributed solar energy market.
Context
Wooza is a Brazilian technology and marketing company operating an online platform for selling telecommunications plans and services. In 2019, Wooza spun off its Telecom division and sold 100% of its equity to Allied, Brazil’s largest electronics distributor, controlled by Advent International — a global private equity firm headquartered in the United States.
Allied, acquired by Advent in 2014, distributes mobile phones, tablets, notebooks, cameras, gaming consoles, and other electronics across Brazil through over 15,000 retail points. The transaction included the integration of Wooza’s platform into Allied’s e-commerce and omnichannel strategy.
Strategic rationale
The acquisition allowed Allied to integrate Wooza’s digital technology and telecom expertise, strengthening its omnichannel capabilities and enhancing its digital services portfolio. The deal aligns with Allied’s strategy to expand its digital footprint and reinforce its position in Brazil’s consumer electronics ecosystem.
Context
Crivo Sistemas em Informática S.A., founded in 2000 and based in São Paulo, is a Brazilian provider of decisioning and analytics software for credit, fraud prevention, and risk management. Its clients include leading banks, insurance companies, telecom operators, and retailers.
TransUnion is a global credit reporting and analytics company founded in 1968 and headquartered in Chicago. It operates in more than 30 countries and offers data-driven solutions to businesses and consumers worldwide.
Strategic Rationale
In January 2012, TransUnion acquired a majority equity stake in Crivo, marking its entry into the Brazilian market. The deal combined Crivo’s local decisioning platform with TransUnion’s global analytics capabilities to deliver customized solutions across financial services, telecom, insurance, and retail sectors in Brazil.
Actuamos con una amplia red de compradores estratégicos e inversionistas financieros a nivel global, incluyendo fondos de private equity, family offices y compañías multinacionales de diversos sectores.
Actuamos con una amplia red de compradores estratégicos e inversores financieros a nivel global, incluyendo fondos de private equity, growth, venture capital y compañías multinacionales de diversos sectores.
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Seguimos de cerca la evolución de las principales tesis sectoriales y perfiles de transacción. En los últimos años, hemos liderado diversas transacciones relevantes, conectando compradores globales con el sector.
Seguimos de cerca la evolución de las principales tesis sectoriales y perfiles de transacción. En los últimos años, hemos liderado diversas transacciones relevantes, conectando compradores globales con el sector.
Context
igc partners is pleased to announce it advised Transmoreno, one of Brazil’s leading finished vehicle logistics companies, on its transaction with JSL (B3: JSLG11), one of the country’s largest transportation and logistics groups. Founded in 1978 and headquartered in São José dos Pinhais (PR), Transmoreno specializes in new vehicle transportation and offers additional services such as fueling, storage, shipping, and vehicle yard management. The company serves major clients including Renault, Nissan, and Volkswagen, with operations in Paraná and Rio de Janeiro.
Strategic rationale
The acquisition strengthens JSL’s position in the automotive logistics sector. It supports the group’s growth strategy, expands its service portfolio, and consolidates its logistics platform throughout Brazil.
Context
Top Service, a leading Brazilian provider of physical security and facility services, was acquired by Predial, which already operated in the outsourced services sector. At the time, Top Service had strong operations in southern and southeastern Brazil, serving major clients across retail, industrial, financial, and healthcare sectors.
The combination of the two companies led to the formation of Grupo GPS, which became one of the largest integrated service providers in the country.
Strategic rationale
The acquisition enabled Predial to integrate a well-established player with nationwide presence, accelerating growth and laying the foundation for Grupo GPS. The merger created operational synergies and strengthened the group's presence in strategic contracts across security and facilities services.
Context
Texlog (comprised of Lotus Logística Integrada and Sete Serviços de Entrega) provides services in last-mile delivery (up to 30 kg), cross-docking, express deliveries, reverse logistics, and international courier, covering over 2,500 municipalities across Brazil. Sequoia, backed by Warburg Pincus and specializing in integrated logistics across sectors like warehousing, fashion, e-commerce, education, and payments, acquired Texlog to reinforce its last-mile operations in the Southeast, notably in Rio de Janeiro and Minas Gerais.
Strategic rationale
The acquisition created a powerful synergy between Texlog’s last-mile delivery capabilities in challenging urban areas and Sequoia’s robust distribution infrastructure. This enhanced Sequoia’s logistics network and regional dominance, further consolidating its leadership in technology-driven e-commerce logistics.
Context
In 2010, Ernst & Young (EY) merged with Terco, a Brazilian audit and consulting firm founded in 1982 with strong presence in the middle-market and real estate sectors. The newly formed Ernst & Young Terco commenced operations on October 1, 2010, with approximately 3,500 employees, serving around 3,700 clients and auditing 94 companies listed on the Bovespa. The merger combined EY’s global expertise with Terco’s local market presence, making it the second-largest audit and advisory firm in Brazil.
Strategic rationale
The merger aligned with EY’s global strategy to strengthen its presence in emerging markets by leveraging local expertise and integrating it with its international platform.
Context
RZF Projetos, Construções e Serviços Rodoviários, based in Araras, São Paulo, specialized in roadworks, landscaping, and infrastructure services. Its acquisition by Grupo GPS marked a strategic expansion into road maintenance, complementing GPS’s existing portfolio in facilities and infrastructure services.
Strategic rationale
The transaction reinforced Grupo GPS’s leadership in infrastructure and outsourced services across Brazil. Integrating RZF expanded its operational reach into road maintenance in key states including SP, MG, PR, SC, and RS, generating synergies and enhancing service capabilities.
Context
The MOVE3 Group and Sequoia Logística e Transporte (SEQL3) merged operations to become Brazil’s largest private small parcel delivery company. MOVE3 pioneered a technological logistics ecosystem enabling fast, efficient deliveries and product storage, covering the entire logistical process. Sequoia, a publicly traded company on B3, specializes in small parcel transport and logistics. The deal comes amid Sequoia’s financial restructuring, leveraging the combined operations to create a leader focused on automation and process efficiency.
Strategic rationale
The merger builds a more powerful express delivery platform by combining MOVE3’s technological know how and reach with Sequoia’s scale and financial structure.
Context
Founded in 2007, GreenYellow is a French multinational and global leader in decentralized energy transition, operating in more than 15 countries. Globally, it has already invested over €2 billion in photovoltaic solar energy and energy efficiency, with over 1.7 GWp of installed capacity and more than 1,700 UFSs. In Brazil, with over a decade of presence and about 80 solar assets connected or under construction across 16 states, GY is a major operator in distributed solar generation.
The transaction comprises the sale of 23 photovoltaic solar plants to Athon Energia, totaling 50.7 MWp of installed capacity, located across six states. This deal is part of GreenYellow’s global strategy to rotate assets and reinvest in new projects in Brazil.
These assets increased Athon’s capacity to over 210 MWp and substantially expanded its footprint in the B2B distributed generation market.
Strategic rationale
The transaction strengthens Athon Energia’s position as a leading corporate-focused solar distributed generation platform in Brazil, enhancing its asset base and national coverage. For GreenYellow, the sale enables reallocation of resources toward strategic new projects in the country.
Context
In 2016, CB Air, an executive aviation company founded by Michael Klein, acquired Global Aviation for R$38 million, plus liabilities estimated at up to R$70 million. The deal brought together established brands such as Global Táxi Aéreo, Reali Táxi Aéreo, Pássaro Azul, and SSR Assessoria, resulting in a combined fleet of 32 aircraft.
The transaction was approved by ANAC and CADE later that year. The companies began operating under the new brand Icon Aviation, becoming a national leader in executive aviation.
Strategic rationale
The acquisition consolidated CB Air’s leadership in the Brazilian executive aviation market, expanding its aircraft fleet, hangar network, and operations in key hubs like São Paulo, Rio de Janeiro, and Brasília.
Context
e-Vertical is a leading provider of building automation and electronic security services, offering operation, maintenance, and installation solutions. The company operates in high-end corporate buildings in São Paulo and Rio de Janeiro, as well as logistics centers, hospitals, malls, banks, hotels, schools, cultural institutions, and commercial sites throughout Brazil and Latin America.
Strategic rationale
e-Vertical sold 55% of its shares to Grupo GPS to support the expansion of its current and future solutions and reinforce its national footprint. The partnership enhances GPS Group’s ability to offer smart building technologies to over 3,100 clients. e-Vertical’s founding executives remain in charge of the company’s management. The transaction was advised by igc partners.
Context
Founded in 1999 in São Paulo, Delta Serviços Logísticos specialized in the transport of sensitive and high-value equipment such as ATMs, chemical analysis instruments, medical devices, and telecom systems. In August 2008, AGV Logística acquired Delta to expand its presence in the technology, retail, banking, and promotional logistics sectors.
Strategic rationale
Through this acquisition, AGV Logística enhanced its capabilities and diversified its service portfolio, strengthening its operational structure and positioning in high-value logistics segments.
Context
CorpFlex, a provider of cloud computing and IT outsourcing solutions, received investment from 2bCapital, a private equity fund focused on mid-sized companies. Founded in 1992 and based in Barueri, Brazil, CorpFlex serves approximately 30,000 users with its technology platform.
Strategic rationale
The injection of capital aimed to accelerate CorpFlex’s national growth by funding enhancements in its cloud infrastructure, commercial and marketing teams, operations, customer service, and innovation.
Context
Conexamérica develops green and economically attractive energy solutions for commercial clients, aiming to foster a more sustainable environment. The group currently operates a 0.3 MWp solar plant and has a robust pipeline of new distributed generation projects.
Strategic rationale
The issuance of Real Estate Receivables Certificates (CRI) marked Conexamérica’s debut in the capital markets and raised sufficient funds to fully finance the construction of seven new photovoltaic plants, totaling 3.5 MWp in installed capacity. Including its existing plant, the company will operate 3.8 MWp in total. The CRI structure has a 15-year term and enables Conexamérica to grow with long-term capital, supporting the continued expansion of Brazil’s renewable energy sector.
Context
Vivante — a facilities and industrial maintenance company owned by private equity funds Axxon Group and Marceau Finance — acquired a 40% stake in BC2 Construtora, which specializes in maintaining and conserving privatized highways in Brazil. Investment was structured as a capital injection with a disclosed value potentially reaching up to R$100 million over the following five years, aimed at supporting BC2’s growth in transport infrastructure services. At the time, Vivante’s revenue was around R$250 million (in 2015), and the funds were intended entirely for growth initiatives.
Strategic rationale
The transaction aimed to elevate BC2 to become one of Brazil’s largest providers of infrastructure maintenance services, including ports, airports, and railroads. Vivante’s involvement, underpinned by Axxon and Marceau, reflects a strategic emphasis on investing in high-potential infrastructure sectors.
Context
America Net is one of Brazil’s largest telecommunications companies, operating nationwide with a portfolio that includes corporate internet, fixed telephony, data center services, private networks, and cloud solutions. The company became a standout in the market due to its innovative capabilities and its integrated, high-quality service offerings for clients across various industries.
Strategic rationale
The equity sale to Axxon Group — a private equity firm focused on mid-sized companies in Brazil — aimed to bring growth capital to fuel America Net’s expansion. The investment enabled the company to enter a new phase of accelerated growth and development over the following years.
Context
CDF, a leader in the Brazilian market for technical support services and appliance installation, operates under a B2B2C model through partnerships with major retailers such as Via and Magazine Luiza, telecom companies like Vivo (through Vivo Guru), and utilities such as Comgás and CPFL. Founded in 2007, the company provides remote technology support, white goods and brown goods installation, as well as home appliance maintenance. IGC Partners acted as CDF’s exclusive financial advisor in the transaction.
Strategic Rationale
The sale of a majority stake to the FIP BTG Pactual Economia Real fund enables CDF to expand its distribution channels — by strengthening partnerships with regional retailers and utilities — and diversify its portfolio of products and services. The transaction also facilitates an acceleration of its M&A agenda, supporting the company’s growth under the new ownership structure.
Actuamos con una amplia red de compradores estratégicos e inversionistas financieros a nivel global, incluyendo fondos de private equity, family offices y compañías multinacionales de diversos sectores.
Actuamos con una amplia red de compradores estratégicos e inversores financieros a nivel global, incluyendo fondos de private equity, growth, venture capital y compañías multinacionales de diversos sectores.
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Seguimos de cerca la evolución de las principales tesis sectoriales y perfiles de transacción. En los últimos años, hemos liderado diversas transacciones relevantes, conectando compradores globales con el sector.
Seguimos de cerca la evolución de las principales tesis sectoriales y perfiles de transacción. En los últimos años, hemos liderado diversas transacciones relevantes, conectando compradores globales con el sector.
Context
Founded in 1994, in Barra Mansa/RJ, Lanlimp Group is a leading company in the distribution of cleaning and hygiene products, attending over 1,500 clients in more than 13,000 points across all regions of Brazil, including cleaning service providers, hospitals and clinics, foodservice, among others. The Company has its operational base in Rio de Janeiro and a distribution center in São Paulo.
Bunzl, a UK-based multinational specialized in distribution and services internationally, employs over 22,000 people, has a revenue of more than USD 15 billion worldwide, and operates across various regions including North America, Latin America, Europe, Asia and Oceania, as well as the UK and Ireland.
The transaction stands out as one of the largest deals in the cleaning and hygiene products distribution segment in recent years.
Strategic Rationale
The transaction between Bunzl and Lanlimp Group aims to strengthen the multinational's operations in cleaning and hygiene solutions in Brazil, while Lanlimp, under the leadership of its current shareholders, will enhance its national relevance and reinforce its presence with new clients and economic segments.
Context
Founded in 2010, Grupo Prime is composed of Prime Energy, Exata Energia, Ativa Energia, and Arion Energia—two energy trading companies, a consultancy specialized in Brazil’s Free Energy Market and distributed generation (DG), and a company focused on energy efficiency. With offices in nine Brazilian cities, Grupo Prime serves B2B customers through a complete portfolio of energy services.
Shell Brasil Renewables & Energy Solutions Ltda., part of the Shell Group, is a global energy company focused on innovative renewable energy solutions and energy trading.
Strategic rationale
The acquisition strengthens Shell’s position in Brazil’s fast-growing free energy market and expands its B2B footprint. By combining Grupo Prime’s strong local presence with Shell’s global energy trading expertise, the company gains reach and scalability to deliver tailored solutions to a broader client base. This move also positions Shell ahead of the market’s expansion to medium-voltage B2B consumers in January 2024, reinforcing its competitiveness and complementing Shell Energy Brasil’s operations.
Context
Founded in 1988, Liderança Cobranças is a national leader in amicable debt collection in Brazil, with over 3,200 employees and 2,500 service positions across four offices in São Paulo, Barueri (2), and Foz do Iguaçu. The company serves major institutions across diverse industries.
Banco Santander S.A., headquartered in Madrid, Spain, is one of the largest banks in the world by market capitalization and a global leader in retail and commercial banking. Founded in 1857, the Santander Group serves more than 160 million customers through approximately 9,800 branches and over 200,000 employees in Europe, the Americas—including Brazil—and other regions. The transaction was carried out by Santander’s Brazilian subsidiary, which plays a key role in the group’s Latin American operations.
Strategic Rationale
The acquisition strengthens Santander’s non-performing asset recovery capabilities by integrating Liderança’s specialized debt collection infrastructure and experienced team. It complements Santander’s existing digital tools enhancing the bank’s operational efficiency in recovering defaulted assets and providing a more comprehensive credit risk management solution.
Context
With over 20 years of experience, Grupo Services is a leading Brazilian provider of digital customer experience (CX) solutions. The company specializes in customer experience management, boasts around 30% annual growth, and is known for creating the first 100% digital contact center in Brazil in 2016. Fueled by proprietary technology and an award-winning AI platform, Grupo Services delivers unique experiences to customers, employees, and consumers.
Webhelp, headquartered in France, is a global leader in customer experience and business solutions, operating in 213 sites across 58 countries with over 110,000 employees worldwide.
Strategic rationale
The acquisition enhances Webhelp's digital CX capabilities by incorporating Grupo Services’ advanced AI-driven technology, omnichannel solutions, and self-service tools such as chatbots. It also expands Webhelp's presence in Brazil, a key and growing CX BPO market, aligning with its strategy to strengthen its footprint in Latin America.
Context
Founded in 2001 and headquartered in Boa Vista, Brazil, Genesis Group is the country’s largest grain testing and inspection company. It serves the full agribusiness hierarchy from farmers to ports with grain and milk quality testing, certifications, and quality analysis for global trading firms. Leveraging a network of around 1,000 qualified testers and proprietary IT platforms, Genesis delivers vital pricing and compliance insights to clients in Brazil, the world’s second-largest soybean exporter and third-largest corn producer.
Strategic Rationale
Actis Capital partnered with Genesis' founders in December 2014 to support the business’s next growth stage. The investment enables Genesis to capitalize on the growing global demand for traceable, high quality agricultural inputs, addressing evolving consumer and regulatory requirements in global supply chains.
Actuamos con una amplia red de compradores estratégicos e inversionistas financieros a nivel global, incluyendo fondos de private equity, family offices y compañías multinacionales de diversos sectores.
Actuamos con una amplia red de compradores estratégicos e inversores financieros a nivel global, incluyendo fondos de private equity, growth, venture capital y compañías multinacionales de diversos sectores.
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Seguimos de cerca la evolución de las principales tesis sectoriales y perfiles de transacción. En los últimos años, hemos liderado diversas transacciones relevantes, conectando compradores globales con el sector.
Seguimos de cerca la evolución de las principales tesis sectoriales y perfiles de transacción. En los últimos años, hemos liderado diversas transacciones relevantes, conectando compradores globales con el sector.
Nuestra actuación en business services reúne sectores como logística, distribución industrial y energía. Estamos al lado de los empresarios para maximizar el valor de su negocio.
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igc ha sido parte de la trayectoria de algunos de los empresarios más destacados de Brasil, liderando transacciones en múltiples sectores, siempre al lado del emprendedor.
Nuestro posicionamiento es claro y único: actuamos exclusivamente en el sell-side. Sin conflictos de interés, siempre al lado del empresario, y con un solo compromiso: el mejor resultado para nuestro cliente.
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