IT consultancy GFT buys Habber Tec's Brazilian wing

26 April 2016

The Brazilian operations of international business process management firm Habber Tec have been purchased by Stuttgart-based IT consultancy GFT. The deal means that over 100 Habber Tec staff spread across three cities in Brazil will be integrated into GFT Brazil. The addition will boost GFT's Brazilian wing to around 560 professionals. The transaction was completed earlier this month.

Habber Tec specializes in business process management (BPM), analytics, and digital transformation. The firm was founded in 1997 and has a global footprint of more than 4,000 employees across offices in twelve countries, generating revenue of €374 million last year. In 2000, the company moved into Brazil, and in the years since has grown to generate revenues of BRL 22.4 million (approximately €5.4 million) annually and employs over 100 professionals. The majority of the firm's clientele in Brazil are banks, insurers and other members of the financial services industry. However, as part of Habber Tec’s international strategy, its management team has decided to divest its Brazilian business and focus instead on its Europe operations.

Habber Tec brought in London-based M&A firm Equiteq as a financial advisor to support the sale. Following a due diligence on the shortlist of potential buyers, the English dealmaker began negotiations with interested parties, after which an agreement was reached with business change and tech consultancy GFT.

GFT Group acquires Brazilian-based BPM and digital tranformation sepcialist

The move will enable GFT to diversify its Brazilian service offerings, providing a broader suite of complementary services and adding new capabilities to its inventory. The CEO of GFT, Ulrich Dietz, commented, “Habber Tec Brazil adds further expertise in BPM integration and mobile solutions, especially in the fields of credit and digital banking applications. With this acquisition, the GFT Group will strengthen its Brazilian client base by adding renowned banks and further insurance companies.”

With the acquisition of Habber Tec, GFT hopes to capitalize on the growing demand in Brazil for process management optimization services. According to GFT COO Marika Lulay, there is a need for improved efficiency within internal operations. Since Habber Tec Brazil serves as one of IBM’s larger local partners for BPM products and services, this deal will allow them to service this gap in the market.

Fernando Arencibia Darias, one of the shareholders of Habber Tec Brazil and Habber Tec International Group, was pleased with the deal process. “We are very pleased with the outcome of the transaction and Equiteq’s support throughout. Their professionalism and expertise was instrumental in structuring, negotiating and completing the deal.” Darias believes that the transaction is a “very important step for the Group's strategy.” Habber Tec’s current focus area now lies in Europe, where it has offices in Spain, Portugal and the UK. 

Equiteq’s Director and lead deal advisor Gabriela Silvestris said she found it an “absolute pleasure” to work with the shareholders of Habber Tec Brazil. “Their strong market position is underpinned by their key competencies in BPM, analytics and mobile solutions which address some of the major challenges banks are facing in the context of digital transformation.”

BDO adds professional services firm in Bolivia to network

11 February 2019

Global professional services firm BDO has expanded its footprint in Latin America with the addition of a new member firm in Bolivia. 

The firm, trading as KPI Auditores y Consultores, was founded in 2010 and is managed by a team of seven partners, with managing partner Marcelo Berthin at the helm. Six of the new firm’s seven partners have a background at BDO, while the group also bring experience at tier-one accounting and consulting firms including EY, PKF and PwC to its new parent. KPI, previously affiliated with rival network Antea, which it joined in 2014, has been rebranded as BDO Bolivia. 

“BDO Bolivia’s goal is to deliver outstanding audit, financial advisory, tax, consulting, and digital services to clients,” said Berthin, who has been leading the firm since 2014, after serving a large bank, the United States Agency for International Development (USAID; a US agency that battles extreme global poverty) and EY, where he spent a decade in the firm’s audit department. While the firm works for clients across a range of sectors, its focus lies on clients in manufacturing, mining, not-for-profit, investment services and agriculture.

BDO adds professional services firm in Bolivia to network

According to Berthin, formerly KPI Auditores y Consultores will be able to benefit from BDO’s global reach – the world’s fifth largest accounting group has over 80,000 employees in 160+ countries – and the cross-border work which flows out of the network. “The recent increase in business enquiries from the UK, Germany, Panama, Chile and Brazil that we’ve received through BDO’s global organisation confirm this and points to further expansion for BDO in Bolivia.”

He added that the local teams based in La Paz (headquarter) and Santa Cruz will also be able to tap into BDO’s deep industry and functional expertise.

Commenting on the expansion in Bolivia, Albert Lopez, BDO’s Regional CEO for the Americas, said: “I am very pleased to welcome a leading firm in Bolivia to BDO. With significant experience in Bolivia, servicing national and international companies and institutions, the team have an established reputation that will launch BDO onto new paths of growth in Bolivia. The new firm’s ability to provide integrated solutions to its clients in the country will, when combined with BDO’s global reach, see business coming in from the wider Latin American region and beyond.”

Across Latin America, BDO has more than 5,100 professionals working from 63 offices in 23 countries. The firm’s largest offices are located in economic hotspots such as Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru and Uruguay. 

Late last year, professional services firm Andersen Global touched in Bolivia with the addition of Tufiño Villegas to its network. The tax and legal advisory was founded in 1995 and has offices in capital city La Paz, Santa Cruz and Cochabamba.