Acquisitions in São Paulo, Brazil

Advent International made a strategic investment in Skyone as part of the Brazilian cloud, data and AI software company’s Series C financing round, with proceeds aimed at accelerating R&D (including Skyone Studio), expanding distribution, and supporting international growth. Skyone’s founding partners will remain significant shareholders alongside existing investors Henkan and BeWater, while Inovabra Ventures and select angel investors fully exited in connection with the transaction.

DwyerOmega, a portfolio company of Arcline Investment Management, acquired Consistec, a São Paulo-based Brazilian manufacturer of temperature monitoring and sensing solutions. The deal expands DwyerOmega’s global temperature measurement and control capabilities and strengthens its presence in Brazil and broader South American markets, with applications across power generation and transmission, utilities, pharmaceutical, and agricultural end markets.

TestFly, a provider of quality assurance testing solutions for the video game and mobile gaming industries, announced the acquisition of Red Cerberus, a video game testing company based in São Paulo, Brazil. The deal expands TestFly’s global QA delivery capabilities, adding Red Cerberus’ team and testing facilities to provide scalable, multi-regional and 24/7 follow-the-sun testing coverage. Financial terms were not disclosed.

Lesaffre acquired a 70% majority stake in Biorigin, a yeast-derivatives business unit of Zilor, making Lesaffre the controlling shareholder. Zilor will retain a 30% stake, while the transaction (including Biorigin’s production unit in Quatá, São Paulo, Brazil) is expected to close after customary creditor and regulatory approvals.

Alares, a Grain Management-backed telecommunications operator, has completed the acquisition of Azza Telecom after signing the deal in July 2024 subject to regulatory approvals. The transaction expands Alares’ fiber broadband footprint in the state of São Paulo (including Sorocaba and other cities) and adds roughly 132,000–136,000 subscribers and about 630 employees, strengthening Alares’ role in the consolidation of Brazil’s broadband market.

Riverwood Capital invested R$ 160 million (US$ 33 million) to acquire a minority stake in Amigo Tech, a healthcare software startup serving clinics and doctors. The investment was made using capital from Riverwood’s most recent fund.

Alares, a telecommunications services operator backed by Grain Management, acquired São Paulo-based internet provider Webby Internet. The deal supports Alares’ inorganic expansion and consolidation strategy, strengthening its presence in the State of São Paulo and marking its entry into the State of Paraná.

An affiliate of H.I.G. Capital sold a portion of its stake in Eletromidia, Brazil’s leading out-of-home (OOH) media company, to Grupo Globo. The transaction results in Globo taking a minority position while H.I.G. remains Eletromidia’s largest shareholder.

H.I.G. Capital announced that an affiliate has completed the sale of Elekeiroz, a Brazilian specialty chemicals manufacturer, to Oswaldo Cruz Química. Elekeiroz produces oxo-alcohols, plasticizers, phthalic & maleic anhydrides, sulfuric acid and other by-products, and is headquartered in Várzea Paulista, São Paulo, Brazil.

Siguler Guff & Company, LP made a R$150 million growth equity investment in Verzani & Sandrini, Ltda. (V&S), a Brazilian provider of facilities management, security, and maintenance services. The investment is intended to support V&S’s continued expansion, including additional acquisitions, in Brazil’s fragmented business services market.

Accenture acquired Tenbu, a São Paulo-based cloud data firm specializing in analytics, big data and machine learning solutions for intelligent decision-making and planning. Tenbu’s team of approximately 170 data specialists will join the Data & AI team within Accenture Cloud First. Financial terms were not disclosed.

HID Global acquired ACURA, a Brazilian manufacturer and reseller of RFID hardware products, to expand HID’s RFID portfolio and strengthen its presence in Brazil and broader Latin America. ACURA will continue operating as a separate business unit within HID Global’s Identification Technologies business area, adding local manufacturing and operations capabilities in Brazil.

ACON Investments, through affiliates of ACON Latin America Opportunities Fund V, L.P. (ALAOF V) and co-investors, acquired an equity stake in Sapore S.A., a leading corporate foodservice and facilities management provider in Brazil. The investment will support Sapore’s existing shareholders and management team and fund expansion and technological innovations as the company prepares for a potential public market offering. Financial terms were not disclosed.

VAG, a portfolio company of AURELIUS Equity Opportunities SE & Co. KGaA, closed the acquisition of RTS, a Brazil-based supplier and manufacturer of valve solutions. The deal expands VAG’s geographic reach and complements its product portfolio, strengthening its offering in water treatment/distribution, wastewater management, dams and hydropower across Brazil and Latin America.

Grupo Torresur (GTS) signed an agreement to sell its portfolio company São Paulo Cinco Locação de Torres Ltda. (SP5), comprising 2,115 telecommunications towers in Brazil, to IHS Holding Limited for US$315 million on a cash- and debt-free basis. Following the transaction, GTS will continue to own and operate approximately 2,800 towers in Brazil through its original platform São Paulo Locação de Torres Ltda. (SPT). The deal is subject to regulatory approvals and is expected to close in Q1 2022.

Nemera has closed the acquisition of Milfra, a family-owned Brazilian manufacturer of medical applicators and oral dosers for the pharmaceutical industry. The deal establishes Nemera’s operational footprint in Brazil, expands its Latin America presence and product offering, and supports future contract manufacturing services.

H.I.G. Capital, through one of its affiliates, completed the acquisition of DSN Participações S.A. (Desktop), a leading B2C internet service provider in Brazil. Founded in 1999 and based in the state of São Paulo, Desktop provides fiber optic internet and triple-play services to more than 185,000 clients across 20 cities and is expected to serve as a platform for a roll-up strategy in the sector.

Eletromidia S.A., a portfolio company of H.I.G. Capital, completed the acquisition of Elemidia S.A. Elemidia, headquartered in São Paulo, is a pioneer in Brazil’s out-of-home (OOH) advertising for commercial and residential buildings with a fully digital network of more than 20,000 panels. The combination creates a leading Brazilian OOH advertising platform with an expanded network exceeding 50,000 installed panels nationwide.

H.I.G. Capital completed the acquisition of Nadir Figueiredo Indústria e Comércio S.A., the largest glass tableware producer in Brazil. The transaction was valued at approximately R$1 billion and is intended to support Nadir’s continued growth in Brazil and internationally.

Omie, a São Paulo-based SMB financial management SaaS provider in Brazil, received a $20 million Series B growth investment from Riverwood Capital. The capital will be used to accelerate Omie’s growth and product development, including expansion of direct sales and its franchise model across Brazilian metropolitan areas.

FEMME – Laboratório da Mulher, a São Paulo-based women's healthcare diagnostics provider, announced a significant investment from L Catterton Latin America. The investment will be used to support FEMME’s expansion and growth in Brazil by increasing the number of clinics, adding services, and enhancing marketing.